Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What is short term > debtors & Creditors ??
What is Long term > debtors & Creditors ??

Answers were Sorted based on User's Feedback



What is short term > debtors & Creditors ?? What is Long term > debtors & Creditors ?..

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

What is short term > debtors & Creditors ?? What is Long term > debtors & Creditors ?..

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

Post New Answer

More Accounting General Interview Questions

can u explain the meaning of Work Contract Tax in breif.

1 Answers  


Define trade bills?

0 Answers  


what are the limitations of accounting conventions

0 Answers  


Jurnal for interest chrgd by bank- Interest a/c dr To bank Bank is real a/c Que is why bank is credit as d rule is dr d reciever

3 Answers   Wipro,


what is accural

5 Answers   Genpact,


Is financial accounting necessary?

0 Answers  


Define depriciation?

5 Answers   Al Hamra Group,


Can share warrants issued by the company be considered as potential equity shares? If yes, then will it be considered for calculating dilutive EPS?

0 Answers  


How can you define departmental accounting?

0 Answers  


What is Debit Note and Credit Note? Subsidory Books? Minority Interest? Stock recording in P&L? Outstanding Expenses, Prepaid Expenses and Examples?

0 Answers   Capital IQ,


if a employee basic salary is rs. 8000/- in march 2010 his total days of salary is 15 then what will amt comes in his f.p.f.(8.33%) account

5 Answers   Simplex,


what is the difference between journal entry and journal voucher

3 Answers  


Categories