This question was asked in What is Input Vat and Output Vat
Sir. Madam I want to know ledger head our company mAkes a movie and starcast like we pay to upendra limaye so whaat is head of ledger Sr debtors or currunt liabilities
Answers!
Hi Poonam
In any business
Person you pay to is a Sundry Creditor
Person from whom you receive is a Sundry Debtor
In your case,you pay to upendra,hence Upendra is a Sundry Creditor
Learn more
https://www.teachoo.com/805/246/Summary-of-Debit-Credit/category/Rules-For-Debit-Credit/
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Answer the question...
Hi Poonam
In any business
Person you pay to is a Sundry Creditor
Person from whom you receive is a Sundry Debtor
In your case,you pay to upendra,hence Upendra is a Sundry Creditor
Learn more
https://www.teachoo.com/805/246/Summary-of-Debit-Credit/category/Rules-For-Debit-Credit/
Comment