Dear sir/madam,
Want to know entry for closing of sundry creditors account on the end of the year when its accounts shows debit balance, Payment made excess.
E.g
Invoice rcvd : 100000.00 from XYZ company
payment Made: 105000.00
Please suggest best entry for the same
- 0 Answers
- 1332 Views
- I also Faced
- E-Mail Answers
No Answer is Posted For this Question
Be the First to Post Answer
excess cash withdraw from bank for staff salary than remain amount deposited into bank., what will be journal entries for above transactions
What is negative goodwill?
Diffirent betwen Capital Expendature & revenue expendature
8 Answers Genpact, IBSN, Malbro,
what do mean by reserve and provision both are same or not?
Define depriciation?
A factory uses annually 24,000 units of a raw material which costs Rs. 1.25 per unit. Placing each order costs Rs. 25 and carrying cost is 6% per year of the average inventory. (a) Find the economic order quantity and the total inventory cost including the cost of material.
How you can adjust entries into account?
How do you calculate Profit earned per share?
1. WE RUN A OFFICE IN RENTAL BUILDING, MY QUESTION IS A) I TREAT THE OWNER OF A BUILDING AS CREDITOR AND PASS JOURNAL VOUCHER IN TALLY AT THE END OF THE MONTH (OR)I SIMPLY ACCOUNT THE RENT TO BE PAID AS OUTSTANDING EXPENSES AND AFTER AT THE TIME OF PAYMENT I PUT PAYMENT VOUCHER , PLEASE ADIVICE ANY OTHER OPTION ALSO?
What are control ledgers?
what is the maximum amount of adversiting while we paying in cash
what is legal meaning of CLEAR BALANCE mentioned in bank passbook of a saving account ?
2 Answers Bank of Maharashtra,
Audit 
