DEAR CHARTERED PERSONS
QUERY 1:
Generally in balance sheet under Current asset sundry debtors is shown on that DEBIT means what ?? CREDIT means what ???
suppose I am not receiving the amount from my debtors means which side it will show???
and I am receiving the amount means which side it will show
generally what represents debit and credit side in sundry creditors and sundry debtors please explain me
QUERY:2
sundry creditors DEBIT and CREDIT side
if I want to payable my creditor means which side it will show??
if I paid means which side it will show
please I need clear clarification above this
If your are receiving money from your debtor it is recorded in credit side of debtor a/c and the balance remaining (if any) in shown as receivable under current assets until it is fully repaid to you
if you pay to your creditor it will recorded in debit side of the creditors a/c
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