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Question 1 Trial Balance for the financial year (FY) ended 31st March 2022 of M/s Deepakshi shows the following details: Particulars Debit (`) Credit (`) Purchase Sales 10,00,000 12,00,000 Debtors Creditors 5,00,000 4,00,000 Opening Stock 2,00,000 Closing Stock 3,00,000 Other Expenses Incomes 7,00,000 9,00,000 Fixed Assets Long Term Liabilities 25,00,000 6,00,000 Capital 21,00,000 52,00,000 52,00,000 Additional Information: Creditors balance as on 1st April, 20

Question 1 Trial Balance for the financial year (FY) ended 31st Mar…

Difference Between Debtors and Creditors (with examples)

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