Creditors is a person:
1 point
O
From whom goods are purchased
on credit
From whom goods are purchased
for cash
O From whom cash is received
O To whom goods are sold on credit.
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Answer:
according to Tally ERP 9
1) = We purchase foods on credit from Sundry Creditors
2) = we purchase goods on cash from Salesman whose account is created on his name and named as Goods purchase A/C
3) = We receive cash from Sundry Debitors
4) = Goods are sold on debit to Debitors
Explanation:
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