Explain Sundry Debtors and Sundry Creditors.
- 17 Answers
- 136421 Views
- SVE Drilling Tools, I also Faced
- E-Mail Answers
Answer Posted / chennai
Sundry creditors means if I am having a pen shop I purchase goods to other companies is called sundry creditors
Sundry debtors means I am sell a goods to my customer is called sundry debtors.
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
What is a contra entry
what is turn over? what is vat? what should ido to become a expert in acount? plese ans me
WHAT ELEMENTS OF YOUR JOB JNTEREST YOU THE MOST AND LEAST?
Can you differentiate accounting and auditing?
Do you know executive accounting?
Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time
What is fbt (fringe benefit tax)?
Hi.. I am pursuing my MBA II year thrgh distance frm O.U HYD., Pls let me know any jobs...in Bank jobssssss
What GP resew of balance sheet taking.
all ques. related to accounts?
Explain me bills receivable?
The following transactions relating to ABC Ltd for the month of 20x1 a) Services performed in relation to income recieved in advance total $1500 b)Supplies expense includes $400 of supplies that are still on hand at 30 June c)Interest accrued on the bank loan is 750 d)At the end of june paid rent for 3 months (June, july Aug) $6000 e)Credit sales for the month of June 2009 amounted to $50000. Past expierence shows that around 1.5% of net credit sales are written off as bad debts. XYZ ltd, previously notified ABC ltd that they have gone bankrupt, will be able to pay $1000, which was recieved at the end of the month. The provision of doubtful debt has an opening balance of $800. f) The owners of ABC Ltd wish to revise the balance of the provision of doubtful debts account to $3500. g) Depreciation of one year on the delivary van is $1500. h) On 30 June 2009, ABC Ltd sold an item of equipment for $40000 cash. The cost of equipment was $50000 and had a accumulated depreciation balance of $2000 REQUIRED: Prepare the relevant adjusting journal entries for the month of June 20x2
what is lease accounting?? please explain me....
What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c
WHAT ARE THE DIFFICULT ELEMENT OFF JOB
