How to create Sundry Creditors and Sundry Debtors Aging
analysis.

Answer Posted / 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.

Is This Answer Correct ?    16 Yes 7 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

As an importer of goods through letter of credit, (payment is done through indian bank to foreign back), my question is who is liable to pay with holding tax when the payment is remitted to foreign bank, whether the buyer(importer) or the seller and why?

1485


By saying, perpetual or periodic inventory system; what do we mean?

736


Why in SAP external number range should be selected for depreciation posting . any specific reasons for that explain me? Raj

1656


how to calculate the per unit cost of production

1239


When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.

1495






Explain what does financial statement of the company includes?

606


in Tally what is cost cenre,cost categori and why we need to prepare them

1612


SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST

1606


if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

1531


One car company raised an invoice of 30k to its customer, which includes car's price and one year service price of 1600 (cost). They work on 25% margin. How much amount will go to Income statement and B/S?

2149


What is your greatest achievement and why?

597


Explain the meaning of long-term notes payable is or long term liabilities?

627


What is difference vat

1656


what do you maen by Expected rate of return ? Is there any formula for expected rate of return? what is systematic & unsystematic risk ? how to calculate both the risk?

1571


Is it possible contra entry in SAP FICO

1778