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duties of a creditors clerk

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13y ago

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Where do you see yourself in five years when applying for a creditors clerk position?

bEING A SENIOR EXECUTIVE


Examples of creditors ledger and a creditors journal?

creditors journal


What is creditors circularization?

creditors' circulization


Can creditors account have debit balance?

creditors have debit balances as advances receive from creditors..........


Why a business need creditors?

Why a business have creditors


How can we calculate creditors payment period?

Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2) Average Creditors / Credit purchases = '?' x 360 = '?' ex. Average Creditors / Credit purchases = 50 000 / 120 000 x 360 = 0.4166 x 360 = 41.7 (average creditors = Creditors at the biginning of the year + creditors at the end of the year divided by 2)


How do you get your creditors list?

You can get a list of your creditors by checking your credit report. Most of all creditors will report to the agencies and will have a record.


How can pass sundry creditors journal entry?

Purchases A/c -Dr 5000 To Sundry Creditors 5000


Who is called sundry creditors?

When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.


What meant by sundry creditors?

When amount from more than one small creditors are join and shown together it is called sundry creditors.


How long does chap 7 bankruptcy last?

A Chapter 7 bankruptcy case typically lasts between three and four months. Once the case is filed, there is a meeting of creditors (known as the 341 meeting) approximately 30-40 days after the case is filed. After the meeting, creditors have approximately 60 days to file objections or adversarial complaints to the debtor's discharge. Once that time frame has expired, the Clerk of the US Bankruptcy Court will send the Discharge Order to all creditors, to the debtor and to the debtor's attorney.


Agency conflict between shareholders and creditors?

if the creditors are not paid in time.