Debtors is part of current asset and shown there in balance sheet.
Assets
Asset
The debtor is posted on the credit side of the balance sheet.
Accounts receivable are those money which is receivable in future from debtors and it is current assets of business and shown in balance sheet at assets side.
Accounts receivables are on the balance sheet. They are an asset of the firm, that is they represent a future economic benefit. The income statement holds the revenues and expenses of the business.It goes to the Balance sheet (Debtors) under Current Assets. What goes into income statement is Sales (both cash and credit). DR Debtors CR Sales. Debtor goes to B.S and Sales goes to P&L
Assets
Asset
The debtor is posted on the credit side of the balance sheet.
Yes it is.
debtors increase
Accounts receivable are those money which is receivable in future from debtors and it is current assets of business and shown in balance sheet at assets side.
Creditors in a balance sheet, are the companies, people etc... that you owe money to. They could be utilites, materials purchased, or anything that you have not yet paid for, but have received. This is the opposite of Debtors - people that owe you money.
how we treat live stock in balancesheet
Accounts receivables are on the balance sheet. They are an asset of the firm, that is they represent a future economic benefit. The income statement holds the revenues and expenses of the business.
Accounts receivables are on the balance sheet. They are an asset of the firm, that is they represent a future economic benefit. The income statement holds the revenues and expenses of the business.It goes to the Balance sheet (Debtors) under Current Assets. What goes into income statement is Sales (both cash and credit). DR Debtors CR Sales. Debtor goes to B.S and Sales goes to P&L
Accounts receivable are those amounts which is receivable from debtors in future and all future activities are shown in balance sheet that;s why it is also shown under asset side of balance sheet.
you dont lol haha