Answer Posted / saif
A debtor/Accounts receivable is a person who owes to money to the business as he has received some benefit from the business.
A Creditor/Accounts Payable is a person to whome the business owes money as he has given some benefit to the business.
| Is This Answer Correct ? | 27 Yes | 8 No |
Post New Answer View All Answers
The main financial accounting statements?
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
Tell us why did you select accounting as your profession?
if my salary is 12000 per month how much i will get after deducting PF an ESI
What is accounts receivable?
difition of reserve & surplus
Pl's confirm me this entry how to pass in Tally 9.0 & Tally ERP.9 that if I purchase 20 mobile,30 phone,20 LCD,15 laptop from mangesh @ Rs.7000,Rs.200,Rs.17000 and Rs.14000 respectively on each. But I purchase by cash and 15 days later I sold half of the thing to priya margin of Rs.100 on each by cheque and rest i sold to minal on cash margin of Rs.200 on each. But I received cash 1 month later. so calculate how much profit I got by selling the products.
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
Hi wht r da questions which are mostly asked in an Accounts related job for freshers?
Do you know what is icai?
List of Indian accounting standards and international financial reporting standards
How to make deductions of the employees from salary against the loan in AP module oracle R12
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
How do you build a successful business relationship?
sir what is the depreciation and how to calculate depreciation as per company books, i need as per IT ACT, AND Companies Act give me clarification with example
