When the debtors and creditors are taken over by the purchasing company on behalf of: vendors, then

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When the debtors and creditors are taken over by the purchasing company on behalf of: vendors, then the purchasing company opens an A/c called as:

(a). Debtor’s Suspense A/c

(b). Creditor’s Suspense A/c

(c). (a) and (b)

(d). Vendor’s suspense A/c

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Corporate Accounting

ISBN: 9789353160739

1st Edition

Authors: Anita Raman, P. Radhika

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Question Posted: Aug 31, 2023 12:11 PM

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When the debtors and creditors are taken over by the purchasing company on behalf of: vendors, then

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Corporate Accounting

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