Interested to Buy Any Domain ? << Click Here >> for more details...
How to create Sundry Creditors and Sundry Debtors Aging
analysis.
- 4 Answers
- 39514 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kumar.chand09@gmail.com
Because when we purchase something from outside and we must
have to pay against the purchasing items. so, only for that
reason to knowig the things or transactions between whome
will be occured we have to mentioned sundry creditors and
sundry debtors aging alalysis
| Is This Answer Correct ? | 46 Yes | 12 No |
Answer / gelli
Aging reports means Dr's or Cr's Pending amt showing below
types. Below 30 Days, 30 to 60 Days and Above 60 days konwn
as a ageing repotrs created in tally using F6 key <D-S-O-
P/R-F6>.
| Is This Answer Correct ? | 37 Yes | 8 No |
Answer / dasappa.s
When a company purchased a material or goods on credit basis
then creditors will arise and for debtors vice versa. The
pending amount from the Dr or Cr will be given some period
to pay that is aging period and on this the aging analysis
will be prepared according to payments maid by Dr or Cr
The creditors should show Liabilities said in Balance sheet
and Debtors in Assets said of the Balance sheet
Journal Entry
For Creditors
Credit Purchase A/C Dr
To Cash/seller A/C
For Debtors
Cash A/C Dr
To credit sales A/C
| Is This Answer Correct ? | 28 Yes | 2 No |
Anything purchase the Credit Compulsary create the Sundry
creditors Account. That account item shown the Assets side
of the balance sheet. Any thing sale the credit compulsary
create the Sundry debtors Account. hat account shown the
Liability side of the balance sheet.
Creditors Entry:-
Material Purchase A/c dr xxxx
Creditors name xxx
debtors Entry:-
Debtor A/c dr xxxx
sales A/c xxxx
Regards
V. Ondiveeran.
| Is This Answer Correct ? | 16 Yes | 7 No |
How to conduct u r interviews?
1.Is deprciation a source of funds? How is it treated in calculatiing fund from operations? 2. What is standard costing? Ple. give its advantages. 3. What do you mean by solvency ratios. List two types of solvency ratios which are used by variuos firms. 4. What is objectives of Job costing? 5. Explain Brifly two capital budgeting technique using discounted cash flow criteria.
what is red ink interest
1 Answers ICAI, NTTF Nettur Technical Training Foundation, Wipro,
If We Paid For Advertising Exp To XYZ Co,which Voucher It Entered?
how to enter in tally propritor has withdrawl cash from the business
I have received 75000/- as retainership fees from ABC company but they have deducted TDs 10% and send me 67500/- my question is that what entry i have to pass in my books please help me
A COMPANY IS SERVICE PROVIDE TO B CO. 100,000 AND CHARGED STAX 10000 TOTAL BILL RAISED 110000 AND RECIEVED 30% FROM B IN DECEMBER AND 40% RECIEVED IN 10JAN2011, BALANCE 40% RECD IN 10 FEB2011 WHAT WILL BE GENERATED ACCORDING ACCOUNTING PRENCIPLE OF BOTH SIDE (MEAN A &B) WITH REVANUE& PROVISION PLEASE TELL ME
RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above
why assets are shown at their historical cost price but not at their current price bcoz we are following historical cost concept. but this will not reveal correct financial position of the business.give reason
how to reduce the interesting giving to debts ?
How do you calculate closing stock? Which important steps do you take while valuation of closing stock.
iam working in small industry there some bills are not having even the shop name and contact.no. whether i should consider that expenses or not if yes, whether that bill attach with the voucher?
Audit 
