Qualification > Commerce

Accounting HELP !!!

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contraentry:

--- Quote from: syedz123 on June 05, 2010, 02:06:55 pm ---ooh..kk Thanks nw i undrstnd it better lol

--- End quote ---

Glad I could be of help! :)

contraentry:
Ok lets see.....

Supposing I sell goods on credit to you, I become your Creditor Right?
The same way, I also buy goods (on credit) from you, I become your Debtor Right?

Now I want to compensate for what I bought from you against what I sold you. WHY would I do it the other way, as in increase what I owe you and Increase what you owe me? That'd be like selling you more stuff and buying more stuff from you at the same time.

contraentry:
@aangel42

Read through this booklet:

contraentry:
Your welcome :)

dahlia:
What are all the things we need to know about Limited Liability companies?

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