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How do you double entry when your debtor has paid your creditor for you?
credit the debtor and debit the creditor
What does it mean for credit balance of a debtors?
A credit balance of a debtor means that the debtor has paid more than what they owe, resulting in a positive balance on their account. This situation can arise from overpayments, returns, or adjustments. Essentially, it indicates that the creditor may owe the debtor money or that the debtor has a prepaid amount available for future transactions. It reflects a favorable position for the debtor in terms of their financial dealings with the creditor.
What is a subsidiary debtor ledger?
its a ledger which contains a personal account for every debtor who owes some money to a business
What is the difference between a sundry debtor and a sundry creditor account?
sundry debtor is whom they baught goods on credit basis
What is sundry debtor?
If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtor. Sundry Debtor is simply called as account recievable i.e for retailer is customer, for wholesaler is retailer.
Is a lien by a creditor placed on the debtor or the debtor's attorney?
The creditor will execute the judgment against the debtor's non exempt assets or property not the debtor's legal counsel. On the debtor.
Who is a debtor?
A debtor is someone who owes money to you.
What does debtor mean?
A debtor owes money.
Who is debtor?
A debtor is someone who owes money to you.
Is Egypt a doner nation or a debtor nation?
debtor
what's the opposite of a debtor?
Creditor is the opposite of a debtor
Does the bankruptcy co-debtor stay apply to a joint debtor?
The co-debtor stay is applicable in chapter 13.
Is Australia a debtor nation?
Yes, Australia is a Debtor Nation.
What is the silent letter in debtor?
The "b" in "debtor" is silent.
What is a stipulation in bankruptcy?
It's basically an agreement between the debtor and creditor on how the debtor is to pay the creditor that arises when debtor has filed bankruptcy.
How many pages does Debtor Nation have?
Debtor Nation has 392 pages.
Does the debtor have to be notified of a writ of judgment?
A debtor does have to be notified of a writ of judgment. The debtor is often notified before the court hearing takes place.
