creditor and debtor in these transactions
What is the creditor and debtor in these transactions?
10 – 4 – 2021
Mr. Salman invested additional Capital 15,000 to develop his business.
18 – 4 – 2021
He purchased Phones from Mina Phones for RO 10,000 out of which 60% paid in cash and 40% on credit. (Credit Invoice No. B1)
22 – 4 – 2021
The owner sold phones to Grand Phones for RO 12,000 (Credit Invoice No.1)
25 – 4 – 2021
The business returned RO 2,000 worth of phones
27 - 4 – 2021
Mr. Salman received an invoice for RO 500 from Akbar Travels.
This invoice includes RO 200 towards Ticket expense RO 300 towards Dubai trip undertaken by him. (Invoice No. AB1) Term : 10 days
29 – 4 – 2021
Grand Phones returned RO 800 worth of phones
30 – 4 – 2021
The owner received cash from Grand phones RO 11,150 in full settlement of their account.
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