what is the sundry creditors for expenses ans with examples
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Answer Posted / javeed
Sundry creditor for expenses means for example you hire a
land for running of bussiness and that rent is outstanding
for the month so the landlord become s.creditor for us
| Is This Answer Correct ? | 189 Yes | 35 No |
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Suppose My received Interest Income is 24934.59 And for the same time my Bank Charge total is 7785.19. Now the total Bank Charge will be deducted from Interest Income and the amount of (24934.59-7785.19)=17149.40 will be withdrawn to deposit in govt. Account.What will be the Journal Entry for 17149.40. Here, Already Bank Charge 7785.40 is Already Debited and 24934.59 is already credited in Journal.
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