What is short term > debtors & Creditors ??
What is Long term > debtors & Creditors ??
Answers were Sorted based on User's Feedback
Answer / parandham
Short term:<365 days from the invoice date
Long term:> 365 days from the invoice date
As per the customer confirmation we have to move respective
invoice to short term/long term.
In SAP: Short term/long term we have to creat one spl GL
Indicator which is determine short term/long term.
for example for long terms O is the spl GL N for long term.
| Is This Answer Correct ? | 2 Yes | 2 No |
Answer / farooq baig
1. Short term debtors means the persons buys goods for credit on short term say fortnight or 1 month. Creditors vice versa.
2. Long term debtors means the manufacturers/Persons buys goods for crdit for long term say above 1 month to 6 months. Creditors vice versa.
| Is This Answer Correct ? | 2 Yes | 10 No |
What is PBG & ABG in term of Contract for supply?
2 Answers ITP, JDM Pharmatech, Jubilant Organosys,
In the General Ledger.. When putting discounts, you put discounts on the DR side for Creditors and Discounts on the CR for Debitors.. Which side does discount go on for the rest of the accounts such as Purchases, M Dog, L Shirt, and L Dress?
what is the difference between trial balance and ledger account
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
what is bank occ
how we will account the preliminary expenses in journal and ledger as well as balance sheet?
what is the difference between profit and revenue?
reverse entry for provision for salary where it is made and how it is
Please guide in Taxation. I want to know the CHALLAN NO, FREQUENCY OF TAX DEPOSIT,FILING FORM NO, FREQUENCY OF FILING OF ALL TYPES OF TAX(DIRECT & INDIRECT)
Dividends are usually paid as a percentage of ______ (a) Authorized share capital (b) Net profit (c) Paid-up capital (d) Called-up capital
what is the direct taxes?
3 Answers JK Associates, TATA,
Explain the concept of responsibility accounting