Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / h.r. sreepada bhagi
A Firm, Company or a person who sells goods or services on
credit is a 'Creditor'.
A Firm, Company or a person who buys goods or services on
credit is a 'Debtor'
In a credit transaction Debtor owes money to the creditor
towards the goods or services purchased/received by him.
| Is This Answer Correct ? | 4 Yes | 3 No |
Post New Answer View All Answers
what is the meaning of banking
What are the advantages of computer accounting over paper accounting?
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
What is the general entry for charge on bank overdraft
Can you tell me entry tax will be applicable on Spectacles purchase from u s a
Explain me have you ever heard about tds, what it is?
what are the disadvantages of back-flush accounting?
What is mean by working capital?
ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher
hi to all.... what is the treatment for Work-In-Progress in Tally...please answer for it as early as possible... thanks & regards
audit under section and penalty under saction scurtiny under saction
What is journalizing?
Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj
What is absorption costing with defination? and what is marginal costin with defination?
whether allowances will be included in calculating esi from gross salary
