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regarding debtors or creditors
I have a bricks manufacturing company. I sale good on credit to party . I am debtor or creditor.
Replies (2)
in balance party is debtor and in party's Balance sheet you are creditor
Jisse paisa lena hai wo Debtor and jisko paisa Dena hai wo creditor
isme sale kiya to paisa lena hai therefore party is debtor
Jisse paisa lena hai wo Debtor and jisko paisa Dena hai wo creditor
isme sale kiya to paisa lena hai therefore party is debtor
To whom you sells is debtors & from whom you purchase is creditors
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