Who are Debtors & Creditors?

Answer Posted / madhubala

from whom we purchase products are creditors for us
persons purchased from us are the debtors for us

Is This Answer Correct ?    197 Yes 32 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

commisiion recieved journal entry and receipt required

1016


What are Home Equity Loans ?

1747


Short Answer on _________________City Compensatory allowance

1525


bank exam paper

1766


we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?

1498






Distinguish between sale and consignment

1547


How do you handle lack of direction or working in chaos

1585


what is Journal Entries?

1659


How to maintain Purchase Orders ? Please explain by proper format.

1804


Why are there 30 blue-chip companies only considered in bombay stock exchange.And why those thirty only effect the sensex

1733


what are your plans after completing your MBA (or) studies ?

1554


Ram, the proprietor brought additional capital of Rs 75000/- by pledging his wifes gold.pass entry

1780


what are valuation accounts?

1586


What is back value adjustment/correction in Nostro Reconciliations?

7187


Weather Entry tax on consumable goods purchased against CST

1683