1. Categories >> Accounting >> Accounting General
  2. Suggest New Category

If any co. purchase goods from abc co. payment will made in
advance. Can abc co. is creditor or not. Pls. answer.

Question Posted / rajesh dubey


If any co. purchase goods from abc co. payment will made in advance. Can abc co. is creditor or no..

Answer / sneha pawar

abc co is creditor. a person to whome the firm owes money is
called a creditor.

Is This Answer Correct ?    13 Yes 0 No

Post New Answer

More Accounting General Interview Questions

Ramu started business with rs 1000000.give me journal entry. plz explain brefily

4 Answers   Asahi, IBM,

How to pass entry in tally for payment of vat penalties?

1 Answers  

Name three (3) fixed-income security data points, which are different from those provided for equity securities

2 Answers   Shore Infotech,

what are the items falling under the category of reserves and surplus? whether bills of exchange is a reserves and surplus item 2.whther errors of omission will affect the trial balance

0 Answers  

What's the VAT percentage?

8 Answers   Sony,




What is the difference between General Ledger and Trial Balance?

2 Answers  

In Ledger of Capital A/c what will be the entries for Drawings a/c?

2 Answers  

what is trial balance? How to prepare trial balance?

2 Answers   Capital IQ,

What is personal a/c ,real a/c

8 Answers  

What are the golden principles of accounting? Give an example for each.

3 Answers  

8- What do you understand by accounts receivable and accounts payable and its schedule?

1 Answers  

What is Sweep Account?

2 Answers   D&B,

For more Accounting General Interview Questions Click Here
Categories