What is the journal entry for sundry debtors
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Answer / kalyan krishna
when we r purchasing from others which is comes under. creditors for us for ex; mobiles purchased from rk mobiles purchases a/c dr to rk mobiles a/c cr (rk mobiles r selling to us. those comes unde suppliers. which means . we have to pay them money... so . they r creditors to us)
Is This Answer Correct ? | 25 Yes | 4 No |
Answer / guest
sundry debitors A/c ----DR
To nnature of his Supply a/c
Is This Answer Correct ? | 49 Yes | 32 No |
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 |
Answer / kunal goswami
so when you sell something and you will receive money from others = sundry debtors and when you purchased something and you have to pay them back = sundry creditors
so for example *purchased goods from X on credit*
transaction should be
purchase a/c ..............dr to sundry creditors a/c
sold goods to X on debit
transaction should be
sundry debtors a/c.............dr to sales a/c
sales a/c always comes under credit and purchase a/c always comes under debit
Is This Answer Correct ? | 2 Yes | 1 No |
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