Credit is extended by a creditor, also known as a lender, to a debtor. What is the other name of a debtor? (2024)

Q. Extract of trial balance of Mr. Q is as follows.

Additional information:
Included in sundry debtors Rs. 5,000 due from Mr. A. Included in sundry creditors Rs. 2,000 payable to Mr.A.
Sundry debtors and creditors will appear in balance sheet at __________ & Rs. ___________.

Q.

Discount allowed to a debtor should be credited to ___.

Q.

Opening debtors = Rs. 2,00,000, Closing debtors = Rs. 4,40,000, Receipts from debtors = Rs. 1,20,000. What is the amount of credit sales during the year?

Q.

Opening debtors = Rs. 1,20,000,
Closing debtors = Rs. 2,40,000,
Receipts from debtors = Rs. 52,000.
What is the amount of credit sales during the year?