What is the journal entry for sundry debtors
Answers were Sorted based on User's Feedback
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 |
What is the Diffrence Between Expenses & Expenditure ??
Original cost = Rs 1,26,000. Salvage value = 6,000. Useful Life = 6 years. Annual depreciation under SLM will be (a) Rs.21,000 (b) Rs.20,000 (c) Rs.15,000 (d) Rs.14,000
WHAT IS DIFFERNCE BETWEEN CREDIT & DEBIT
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
What is the difference between accrual
HOW CAN I OPEN A CC A/C ? WHAT ARE THE MINIMUM REQUERMENT TO OPEN A CC A/C ? WHAT ARE THE FACILITY OF A CC A/C IN THE BUSINESS FIELD ? WHAT ARE THE BANK CHARGES AND INTEREST IN CC A/C ?
whether allowances will be included in calculating esi from gross salary
What is deferred tax asset or libility ? please help with the best one answer u have. thanks all
5 Answers Carlson, DELL, Real Estate,
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
When does the Invoice price variance arise? What is the accounting entry?
When will the cash Book have a Credit Balance?
What is the meaning of Decommissioning liability, explain in which serious we will use?