What is the journal entry for sundry debtors
Answers were Sorted based on User's Feedback
Answer / kalyan krishna
when we r purchasing from others which is comes under. creditors for us for ex; mobiles purchased from rk mobiles purchases a/c dr to rk mobiles a/c cr (rk mobiles r selling to us. those comes unde suppliers. which means . we have to pay them money... so . they r creditors to us)
| Is This Answer Correct ? | 25 Yes | 4 No |
Answer / guest
sundry debitors A/c ----DR
To nnature of his Supply a/c
| Is This Answer Correct ? | 49 Yes | 32 No |
When Materials purchased on credit then the material
supplier is called "Debtor" :
Exp. Materials ( Furniture / Raw Material) Purchased on
credit:-
Sundry Debtors a/c............................. Dr.
To Materials (Furniture / Raw Material a/c
When cash/ cheque paid to him:
Cash/ bank a/c ..............Dr
To Sundry Debtors a/c
Sundry Debtors shown in the assets site of Balance Sheet.
| Is This Answer Correct ? | 71 Yes | 64 No |
Answer / kunal goswami
so when you sell something and you will receive money from others = sundry debtors and when you purchased something and you have to pay them back = sundry creditors
so for example *purchased goods from X on credit*
transaction should be
purchase a/c ..............dr to sundry creditors a/c
sold goods to X on debit
transaction should be
sundry debtors a/c.............dr to sales a/c
sales a/c always comes under credit and purchase a/c always comes under debit
| Is This Answer Correct ? | 2 Yes | 1 No |
Sir I am taking the Salary Rs 18000/- the shown to me in Pay Roll Basis but not deduct any PF. Plz told me tha is the company liable to deduct my PF?
Whst is the formula for getting the GOODWILl ??
Futures
What is a Prepayment and Explain the accounting entries
Maximum retail price rs.100 including vat 12.5 % what is basic price
7 Answers Ceramic Centre, Chartered Accountant,
Needs for capital
what is the order in praparing the balance sheet, placing of assets
what are all the itmes comes in balance sheet
What is the cost of goods sold?
what is enty of income tax paid by company.& what is group of income tax paid.
How many indian accunting
Hi guys, in my company, have a recruitment for junior accounts executive(2 to 4 years only).. For 10-15 positions, if any body interest pls send your resume to my mail id... Remember, any body from manufacture or construction field 1st preference...Definitely i will help u.Send ur resume to "mukeshreddy37@gmail.Com" immediately