Answer Posted / mohit tomar
Sundry Debtor is that whom we credit sold of goods & they are current assets for company, and Sundry Creditor is that from whom we purchase goods on credit, & they are current liability for company..
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
Tell me what do we mean by purchase return in accounting?
What is budget variance analysis?
Explain financial accounting. What are its characteristic features?
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
Define depreciation and its types?
Do you think accounting standards are mandatory and why?
How many accounting standards are currently published?
What is the difference between lc and bg(letter of credit
What is the use of form D in sale tax
What is fbt (fringe benefit tax)?
Who created snapit accounting?
rate of vat on gold purchase local & o.m.s. & rate of % in sale local & o.m.s.
what is the procedure to appoint an Austrlian citzen as indian company director...
SOLD GOODS WORTH 5000 TO AKBAR WHO PAID 3000 ON ACCOUNT
I want to know the Payroll Accounting Questions