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
Tell me where do generally accruals appear on the balance sheet?
What does overhead mean in regards to accounting?
what is the Journal entry for credit card bill paid from same bank account
what is the difference between profit center area and business are.? please make me clear.
What Entery Should Made When Godown Rent Paid in Advance At The Time Of Agreement.Transation Is as Below * Rent Paid To XYZ (OWNER OF PROPERTY) For Running Month. * One Month Rent In Advance Tenent will Always pay rent amt 1st of every month. How can we do entry every month and How can party's a/c will due on ending every month. How can party a/c Show ADVANCE RENT. Please enter every entery including JV. With time when it is necessary.
Recent trends in Corporate Governence?
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
Define fair value accounting?
What is meant by daily accrual and booking?
Tell me the meaning of long-term notes payable is or long term liabilities?
Define depreciation and its types?
What is tally and its features?
How we will dabit profit & Loss a/c in tally because profit & Loss a/c is tally generated a/c. we have to make provision for tax.
What is budget variance analysis?
Define overhead in terms of accounting?
