How to create Sundry Creditors and Sundry Debtors Aging
analysis.
Answer Posted / 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
Is This Answer Correct ? | 28 Yes | 2 No |
Post New Answer View All Answers
What are the probable interviwe questions in SBI clerical interview ? I am having my interview on 30th april.
Explain what is gaap?
How to pass journal entry of gifts purchased for employee by using campany ATM card
How to prepare in yearly turnover?
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
what is the procedure to appoint an Austrlian citzen as indian company director...
In which term & condition excise invoice raises & for what excise invoice raise?
Define push down accounting?
Is there a difference between accounting for conversion of bonds and accounting for the conversion of preferred stock?
HELLO FRIENDS I WANTED TO THAT IS DUPLICATE KEY MAKING CHARGE IS UNDER THE HEAD OF GENERAL EXPENSES
What is the use of accounting?
How you can adjust entries into account?
get fixed assets items
Define fair value accounting?
hi m freshe working as a account assistance. i want know about accounts, what is balance sheet, profit & loss a/c, trail balance? why these are require to company? how can i know about full account work in tally? what should i do everyday? how to finalisation calculting? kindly explain please..