Accountancy

What is Debtor? (Role & Type of Debtor)

A debtor is a person or entity that owes money to another person or entity, known as a creditor. In financial accounting, the co…

What are Debit and Credit ?

When recording transactions in the accounting records, the accountant and bookkeeper use the terms debit and credit. The amount …

The Golden Rules of Accounting

What are the Golden Rules Of Accounting?  Financial Accounting is not just bookkeeping. In accounting, transactions are recorded…

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