Interested to Buy Any Domain ? << Click Here >> for more details...
who is the creditor and debtor
- 8 Answers
- 14674 Views
- AXA, IBM, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / akansha
in accountancy the giver is called creditor and reciver is called debtor
| Is This Answer Correct ? | 23 Yes | 3 No |
Answer / shivangi agrawal
creditor is the person to whom we owe some money as we
purchased goods from him.
debtor is the person who owes money to us as we sold goods
to him.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / ragini kumari
Creditor:The person whom money is owing by the firm for providing goods or services are called as creditor.
Debtor:The person who owe to an enterprise an amount for receiving goods or services on credit are termed as debtor.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / anchit saxena
Creditor means a person from whom goods r purchased and
Debtor means a person to whom goods r purchased.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / vishakha gandhi
creditors : busines purchase goods from any party or any
company those person called creditors.
debtors : business sold goods any customer or any company
those personcalled debtors.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / anchit saxena
hello viewers, actually i was posted a wrong answer due to
my mistake so i m posting a new answer right now:
Creditor means a person from whom goods are purchased.
Debtor means a person to whom goods are sold.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / srilatha
we are purchase all comes on sundry creditors.
we are sale to items comes on sundry debtors.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / harbrook
Creditors are ( Who we owe to, it could be from purchasing goods or services on credit, or just a loan from a bank, organization or person.
Debtors are( who owe us) it could be people to whom we sold goods on credit, or provided service on credit to, or loaned money to.
| Is This Answer Correct ? | 0 Yes | 0 No |
what is the difference between an invoice and bill?
Rent is direct income or indirect income
PRELIMINARY EXPENSES INCURRED IN THE YEAR OCTOBER 2012 MONTH 5LAKS WHICH ACCOUNTED IN ASSET SIDE AS ''PRELIMINARY EXPENSES''... IN YEAR END MARCH 2013, IN 5LAKS HOW MUCH AMOUNT SHOULD TAKE FOR PRELIMINARY EXPENSES WRITTEN OFF..?
Sir, Please tell me what diesel is direct/indirect exp.
What is the provision? What is the entry for provision?
difference between banker's cheque and cheque
Cello pen gross value is 935.89 for 12 nos 14.5% tax
WHAT DO YOU MEAN BY SERVICE TAX.
accounting effect for closing stock goods destroyed by fire and claim is given by insurance co
how can i put entries for stock replacement in zero values
1 Answers IT Consulting Services,
What are the transactions and journal entry involved when a customer makes purchase or does payment for his own consumption or purpose through debit card?
if goods purchased from x company for rs1000 in credit,out of that 10% given discount for us what is the entry in tally?
Audit 
