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When the goods are sold on credit, the company does not receive the cash but a promise to be paid by the person buying the goods. These are the debtors or accounts receivables for the company. The journal entry for this particular transaction is: Dr. Debtors/Accounts Receivables Cr. Sales/Revenue As such the impact is that the debtors of the company increase.
Which of the following movements was called as ‘Bahishkar Yoga’ by Bal Gangadhar Tilak?
T Raja Kumar belongs to which country who been elected as the new President of the Financial Action Task Force (FATF)?
The AYUSH Ministry has launched ‘HCCR' Portal recently. With which this portal is associated?
In to how many component is GST divided?
Which among the following is the tallest tree species in the world?
Who among the following was nominated to the Rajya Sabha by President Ram Nath Kovind in March 2020?
In which type of farming, the land is used for growing food and fodder crops and rearing livestock?
Whom among the following Indian singers is known as ‘Gazal King’?
Which one of the following is NOT correctly matched ?