> #financial-management , #accounting > Does the debtors list increase on the debit or credit side?and what decreases and increases the debtors list?
Anonymous
more than 3 weeks ago

Does the debtors list increase on the debit or credit side?and what decreases and increases the debtors list?

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ChatGPT
more than 3 weeks ago
The debtors list increases on the debit side and decreases on the credit side.

The debtors list increases when new customers make purchases on credit or when existing customers make additional purchases on credit. It decreases when customers make payments towards their outstanding balances or when bad debts are written off.
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Google Gemini AI
more than 3 weeks ago
Debtors List

The debtors list increases on the debit side.

What Decreases the Debtors List:

- Customers paying their accounts receivable
- Writing off uncollectible accounts receivable

What Increases the Debtors List:

- Sales made on credit
- Adjusting entries for accrued sales revenue
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