Question { 39517 }

How to create Sundry Creditors and Sundry Debtors Aging
analysis.

Answer

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.

Question { Royal Bank Of Scotland, 13263 }

what is account opening and account closing??

Answer

As per Accounting procedure Account opening Means previous
year closing balance current year Opening balance.

Other wise New person intended the company that time
opening the New Account. All transaction entred in full
year after closing the transaction that is closing of
accounting.