Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / sridhar
*********************************************************
To be more simple.
Debtors = Total of all credit Sales to customers (Asset).
Creditors = Total of all credit purchases form Vendor
(Liabilities).
***********************************************************
| Is This Answer Correct ? | 7 Yes | 0 No |
Post New Answer View All Answers
swagat staryed business on 1st jan 2005 with cash on hand Rs. 10000
How do I record a prior year property tax refund on sale of asset due to overvaluation
What is the definition(meaning) for the Final accounts adjustment 'Uninsured goods lost fire'?
What is mis report , how to prepare mis report for general ledger?
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
what is the limit of cash payment in a manufacturing firm and job work related work and how much we paid to the job worker cash payment in financial year Aslam
What does the word credit mean in terms of accounting?
Tell me where do generally accruals appear on the balance sheet?
In South Africa, the value added tax is administered by?
what is general accounting
how to reduce the interesting giving to debts ?
What is a trial balance in accounting?
What is the purpose of financial statements?
what's the difference between impress cash account and petty cash account
Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000
