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What else can I help you with?
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Does a debit decrease liability?
Yes, a debit decrease liability and a credit increase liability. if a debtors/customer make the repayment obligation, it will decrease debtors, meaning decrease in liability.
Format for Debtors control account and creditors control account?
debtors
What is debtors method?
It is related to "control" the accounts of debtors for some purposes.
What is sales ledger control account?
Sales control account is a summary of transactions relating to the debtors balance.the debtors ledger account is debited when there is an increase of the debtors balance and credited when there is a reduction of the debtors balance
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Does a debit decrease liability?
Yes, a debit decrease liability and a credit increase liability. if a debtors/customer make the repayment obligation, it will decrease debtors, meaning decrease in liability.
Format for Debtors control account and creditors control account?
debtors
How do you treat refund to debtors in the debtors control account?
decrease with a credit
What is debtors method?
It is related to "control" the accounts of debtors for some purposes.
What is sales ledger control account?
Sales control account is a summary of transactions relating to the debtors balance.the debtors ledger account is debited when there is an increase of the debtors balance and credited when there is a reduction of the debtors balance
16 In what circumstances would a non trade debtors control account be used?
i would like to know in what circumstances would a non trade debtors control account be used?
Debtor control accounts?
in the ledger all debtors on 1!
What is the methods of internal control account debtors and creditors?
ahshshj
Is accounts receivable a asset or liability?
Accounts receivable is that amount which is receivable from debtors at future date that's why it is current asset of business.
What are Trade Creditors?
Trade Debtors or Sundary debtors or accounts receivable is the person(s) to whom you sold goods on credit and agreed to receive payment in future.
What are creditors in balance sheet?
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.
