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Company debtors are individuals or entities that owe money to the company, typically due to credit sales or services rendered. Conversely, creditors are individuals or entities to whom the company owes money, often arising from loans, purchases made on credit, or other obligations. Managing debtors and creditors is crucial for maintaining cash flow and ensuring financial stability within the business. Proper tracking and management of these accounts can significantly impact a company's financial health.
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Format for Debtors control account and creditors control account?
debtors
What is debtors and creditors?
Loaners and borrowers
What is the difference between Sundry debtors And Sundry Creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is difference between sundry debtors and sundry creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is the methods of internal control account debtors and creditors?
ahshshj
What is the definition of debtors and creditors?
Debtors are people who owe money to creditors. Creditors are people who are owed money by debtors. For example, the bank is a creditor allowing people to take out loans and the people taking out the loans are the debtors.
Debtors or creditors would be more likely to favor inflation?
Debtors.
Format for Debtors control account and creditors control account?
debtors
What is debtors and creditors?
Loaners and borrowers
What is the difference between Sundry debtors And Sundry Creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is difference between sundry debtors and sundry creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What was the name for a society where debtors were bound to their creditors in servitude?
That system was called debt bondage or debt servitude, where debtors were forced to work for their creditors until the debt was paid off.
If the actions of the government consistently favor inflation would you expect the minority of the voters to be creditors or debtors?
Creditors
What is the methods of internal control account debtors and creditors?
ahshshj
How to calculate DP ratio?
Stock+debtors-creditors/sale
What made it easier for debtors to pay their creditors?
Paper money.
How is drawing power calculated?
Sundry debtors+stock in hand-sundry creditors only ninty days only * 75% = answer this is the drawing power of a company
