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Categories >> Accounting >> Accounting General
 
 


 

 
 Audit interview questions  Audit Interview Questions (428)
 CompanyAffairs CS interview questions  CompanyAffairs CS Interview Questions (158)
 Taxation interview questions  Taxation Interview Questions (1899)
 Accounting General interview questions  Accounting General Interview Questions (2810)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4360)
Question
How to create Sundry Creditors and Sundry Debtors Aging 
analysis.
 Question Submitted By :: Accounting-General
I also faced this Question!!     Answer Posted By  
 
Answer
# 1
Because when we purchase something from outside and we must
have to pay against the purchasing items. so, only for that
reason to knowig the things or transactions between whome
will be occured we have to mentioned sundry creditors and
sundry debtors aging alalysis
 
Is This Answer Correct ?    42 Yes 10 No
Kumar.chand09@gmail.com
 
Answer
# 2
Aging reports means Dr's or Cr's Pending amt showing below
types. Below 30 Days, 30 to 60 Days and Above 60 days konwn
as a ageing repotrs created in tally using F6 key <D-S-O-
P/R-F6>.
 
Is This Answer Correct ?    29 Yes 7 No
Gelli
 
 
 
Answer
# 3
When a company purchased a material or goods on credit basis
then creditors will arise and for debtors vice versa. The
pending amount from the Dr or Cr will be given some period
to pay that is aging period and on this the aging analysis
will be prepared according to payments maid by Dr or Cr
The creditors should show Liabilities said in Balance sheet
and Debtors in Assets said of the Balance sheet

Journal Entry
For Creditors
Credit Purchase A/C Dr
To Cash/seller A/C
For Debtors
Cash A/C Dr
To credit sales A/C
 
Is This Answer Correct ?    21 Yes 1 No
Dasappa.s
 
Answer
# 4
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.
 
Is This Answer Correct ?    13 Yes 5 No
V. Ondiveeran
 

 
 
 
Other Accounting General Interview Questions
 
  Question Asked @ Answers
 
what is the sensex   1
I have faced so many interview in top compinies and I have been asked, why are looking for change or why you want to leave your current employer or give the reason to leave the current company. So could you please advice what should be answer on these question, as i have been rejected so many time due these question. Accenture 4
What is inventory   4
What is the type of principal for CLOSING STOCK. and why we show closing stock two time that is once in trading account and another time in assets. if closing stock is Real account than what about showing in trading account as we dont show real account type in trading account. thanks Dupont 5
What is the entry for bad debts recovered Core-Logic 10
what is the effect of surplus in p&l account? or what is its significance   1
what is bank occ   2
What is the three golden rules in Accounts ? Genpact 7
a buyer,purchases a for rs100, b for rs80, c for rs60 and mixed in ratio of 3:4:5 and sells @ 50% profit what wil be d price? TCS 12
we deposited securoty to a party and now due to us interest amount then party deduct TDS on interest but we not recive cash or in bank he credited our account in his books so what will be the journal entries in our's books.   2
I m working in NGO. we have taken loan from a person or other project in march and returned in may. So what are the entries in tally should be. what are the ledgers to be created and under which group? what are the journal entries?   1
If i have to sell the existing Business of Mine, What are the calculation for this ??   1
 
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