Answer / kumar.chand09@gmail.com

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

Answer / gelli

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>.

Answer / dasappa.s

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

Answer / v. ondiveeran

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.

What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.

0 Answers  

---

Explain what are the accounting events that are frequently involved in compound entries?

0 Answers  

---

suppose total salaries paid is 10000, 1000 is outstanding. how & which amount will shown in receipts & payment, income & expenditure and balance sheet accounts

2 Answers  

---

Journalize the Following: 1. The following were purchased on account: a. Materials $ 10,000 b. Office supplies $ 2,000 c. Small tools $ 1,000

0 Answers  

---

credit rating

1 Answers  

---

---

difference between debit notes and credit notes

1 Answers  

---

Tell me what does the investment of personal assets by the owner will do?

0 Answers  

---

FIXED Asset - What is the most used method/right method in Depreciation in India and other countries..? (ie., Straight line method,Written down value method. or etc.,). The calculation for depreciation how it stand commonly in all organization..? Is there any difference between companies and assets..? Your answer will be highly appreciated. Thanks in advance.

3 Answers  

---

vat paid on purchase is it comes on direct expenses or indirect expenses

3 Answers  

---

journelising the following? dpereciation of plant & machinery rs 30000/- interest accrued but not received Rs 15000/- prepaid insurance Rs 10000/- drawings of cash Rs 5000/- withdrew goods for personnel use Rs 2000/- what is cost centre? How do you verify the correctness of material control system? How many directors are required at a minium for Private ltd and public ltd companies? How do you compute the following ratios? current ratio net profit ratio gross profit ratio debt service coverage ratio sales turnover ratio

3 Answers  

---

how to adding entries in tally complete new company

2 Answers  

---

c form 1st qtr 2013-2014 issued th.on line start from which date

1 Answers  

---