Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / suvabrata sarkar
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 |
Post New Answer View All Answers
What is the difference between consigner and consignee?
WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?
What are the objects of cost accountancy?
What is definition of a cash float in accounting?
What is band and why the company needs this?
credit card all entry pass in tally
At the time of advance tds deducted 2% contract which was wrong but when we adjusting the adavace tds deducting 10% rent how can we adjusting that amount
What are the functions of manger -accounts and manager-finance? Explain in detail
how to calculate the per unit cost of production
what is profit maximisation
Tell me in balance sheet, where do you show tds?
what is casual receipt? is it exmpted in income tax?
Hai Experts can any one send me some finance interview questions ,my mail id is c.sujatha2008@gmail.com,please send quickly it's so need.
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
How does accounting contribute to the community?
