Explain Sundry Debtors and Sundry Creditors.
Answer Posted / smaranika sahoo
S.debtor:- who received goods/ services/ money etc. from us.
S.creditor :- from whom we received...
In other words
Debtor is the receiver & Creditor is the giver.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is the definition of manual accounting?
Where should tds received should show in balance sheet?
What is the objective of the balance sheet?
What is the general net worth percentage banks will observe while sanctioning the Loans for Tranding, Construction and Manufacturing units.
Differentiate public and private accounting?
What we have to post entry for payroll processing ? (Indian payroll)
Differentiate accounting and auditing?
What is fair value accounting?
What are the most important goals of accounts receivable?
I want to know the Payroll Accounting Questions
What is cotangent Account?
Is it possible to change the accounting period under Indian GAAP from 1/Apr-31March to 1/January-31/December? There is any restriction in doing that, i mean for example for fisal purposes? Thank you all!
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
Explain me by saying, perpetual or periodic inventory system; what do we mean?
What is general entries for Deffered Tax?