what is creditors??
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Answer / roshani.jain6
A creditor is a party (e.g. person, organization, company,
or government) that has a claim to the services of a second
party. It is a person or institution to whom money is owed. ...
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Answer / k.singh
who will take the rupees from party/ this the part of
balance sheet liabilities side.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sandy
creditors are the people who gives benefits without receiving any money..
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / munitha.m.c
creditor is thesupplier whose benefit giving aspect to
others.
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Answer / ajaykumar
creditor is a person who not received money or money's worth,
but he claim in future is called as creditor..
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Answer / sheetal
creditors is the part of liabilities.who is supply to the
goods of the comapny.
| Is This Answer Correct ? | 1 Yes | 2 No |
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DEAR ALL, HOW TO ACCOUNT THE SALARY ADVANCE A/c. I HAVE TAKEN AN ADVANCE OF Rs.25000/-. I HAVE DEBITED SALARIES ADVANCE A/c AND CREDITED THE PETTY CASH A/c in TALLY. I dont't know whether it is correct or not. If correct, in my individual ledger no entry is reflected. Alternatively, if I debit my self and credit petty cash a/c it is reflected in the P & L Account, but it is not an expense. and not reflected in the balance sheet, but reflected in P & L. I think I need to put a journal entry. Like debiting the salary account and crediting the salary advance account. Is this correct or not? Can any one help me please. my mail add: cdvijay100@yahoo.co.in or kmlnkml@live.com
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