regarding debtors or creditors
kundan singh (99 Points)
06 August 2018
I have a bricks manufacturing company. I sale good on credit to party . I am debtor or creditor.
2 Replies
Prem M Ochwani
(student)
(138 Points)
Replied 06 August 2018
in balance party is debtor and in party's Balance sheet you are creditor
Jisse paisa lena hai wo Debtor and jisko paisa Dena hai wo creditor
isme sale kiya to paisa lena hai therefore party is debtor
Jisse paisa lena hai wo Debtor and jisko paisa Dena hai wo creditor
isme sale kiya to paisa lena hai therefore party is debtor
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 06 August 2018
To whom you sells is debtors & from whom you purchase is creditors
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