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what is debtors?
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Answer / b.narasimha rao
WHICH PERSONS OWED TO BUSINESS FOR EXAMPLE CUSTOMERS
| Is This Answer Correct ? | 27 Yes | 7 No |
Answer / amit singh
A Debtor is a person or entity that is owes money to
another person or entity.
| Is This Answer Correct ? | 21 Yes | 5 No |
Answer / murali
a person who borrow money and goods from another person is
called as a debtors.
ex:x give money to y as a credit.y is a debtors
| Is This Answer Correct ? | 18 Yes | 2 No |
Answer / shahabaz
A debtor is a person,firm or entity which has to pay the
amount in future (short period in most of the times). So
that we consider debtors as an assect to the company as we
get cash whenever they pay.
| Is This Answer Correct ? | 17 Yes | 2 No |
Answer / roshani jain
A debtor is a person,firm or entity which has to pay the
amount in future (short period in most of the times). So
that we consider debtors as an assect to the company as we
get cash whenever they pay.
| Is This Answer Correct ? | 9 Yes | 2 No |
Answer / fabian biamaga
Debtors are business or an entity owes debt to another entity.
DEBTORS ARE ENTITIES WHICH OWES ANOTHER ENTITY DEBTS.
| Is This Answer Correct ? | 8 Yes | 4 No |
Answer / md tanwir alam
A Debtor is a person or entity that is owes money to
another person or entity.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venkat
who purchase the material / received the goods, who sold the goods that is called debtor, debtor is customer,debtor is asset.
| Is This Answer Correct ? | 0 Yes | 0 No |
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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
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