Double entry system
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 July 2015
why debts doesn't come under real account ? explain with an example.
03 July 2015
Debts due from other are due from persons & other organisations and these are personal accounts and not real accounts.
Similarly, debts due are due to other persons hence loans taken are also personal accounts
Similarly, debts due are due to other persons hence loans taken are also personal accounts
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