Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / suvabrata sarkar
The word "Debtor" or "Credior" appears when the transcation
is made on credit.
Debtor-Debtor is a person who owes money to the
company/business or a person/company whom the goods have
sold on credit.
Creditor-Creditor is a person to whom company owes money or
a person from whom the goods have purchased on credit.
Debtor is shown in Right side(Assets side) of Balance and
Creditor is shown in lest side (Libilities side) of the
Balance sheet.
| Is This Answer Correct ? | 10 Yes | 3 No |
Post New Answer View All Answers
WHY CST CHARGED BILLS ARE RETAIL INVOICES.IT CANT BE TAX INVOICE.
Do you know retail banking?
What is the difference between lc and bg(letter of credit
How to pass the entry in tally for demolished of building?
Is the shadow balance present in bank account always credited or bank may reverse it as well?
What are the difference between Debit Memorandum and Credit Memorandum?
Mention what is bank reconciliation?
what are voucher entries for EPF treatment in tally
A Company has not deposited its ESI /PF dues from 01-04-10 till 31-12-10 in a year (Both the shares). What is the maximum time limit for that and is the liability as on date. Management wants to daly at the maximum, but want the calculations of each & every aspect- monthwise. The avrerage no. of employees are 50 and the salary is around 2.00 to 2.5 Lacs per month.
what is "goodwill" reserve and surplus and reserve with example
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
What do we mean by purchase return in accounting?
how to account branches in tally
what accounts payable applications are your familiar with?
You are using the accounts approach to parallel valuation and classic assets accounting. You need to create a new financial statement version to valuation based of IFRS principles. In asset accounting, what posting options can you choose for the new depreciation area? (any 2 answer) Area post in real time Area posts APC directly and depreciation periodically Area posts APC only directly Area posts APC and depreciation periodically
