Answer / kumar.chand09@gmail.com

Because when we purchase something from outside and we must
have to pay against the purchasing items. so, only for that
reason to knowig the things or transactions between whome
will be occured we have to mentioned sundry creditors and
sundry debtors aging alalysis

Answer / gelli

Aging reports means Dr's or Cr's Pending amt showing below
types. Below 30 Days, 30 to 60 Days and Above 60 days konwn
as a ageing repotrs created in tally using F6 key <D-S-O-
P/R-F6>.

Answer / 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

Answer / 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.

reserve for doubtful debts is wich type of account?

2 Answers  

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1. ABC Pvt. Ltd acquired the right to publish a book entitled “Accountancy easy” From Writer at a royalty of Rs. 20 per copy of the book sold. The minimum rent was fixed at Rs. 30,000 per year. It was agreed, that the short workings of any year can be recouped with in 2 years immediately following the year in which short workings occurred. The no. of copies sold during the five years was as following: 1. 1st year -1000 2. 2nd year -1400 3. 3rd year -1800 4. 4th year -3000 5. 5th year -1200 Show royalties account in the books of the publisher.

1 Answers   Accounting,

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opening stock rs.6000 purchases rs.22000 cash sales rs.18000 credit sales rs.12000 calculate closing stock if rate of gross profit on cost of goods sold 25%.

3 Answers   State Bank of Mysore SBM,

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What is difference betwwn cheque & DD

2 Answers  

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Time limit for payment of divident for listed limited companies & Unlisted public limited companies are? 30 or 45 or 60 or 90

0 Answers   UPSC,

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when we give to payment for contractor what entry pass with tds?

3 Answers  

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what is factory account. Descibe in details

1 Answers  

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over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured

0 Answers  

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1) I WANT TO KNOW TDS APPLICABLE TO RENT, CONTRACTOR, SALARY, PROFESSIONALS, TRANSPORT ETC 2) WHAT IS PPF . WHAT ARE THE BENEFITS IF A PERSON INVEST IN PPF. WHAT IS THE RATE OF INTREST AT PRSENT. WHAT IS THE PROCUDURE OF PPF. 3 ) WHAT IS INFLATION ? HOW GOVT CONTROLS INFLATION WHAT ARE THE RESERVE BANK ' RESTRICTIONS ON CONTROLING INFLATION 4) UP TO WHAT AMOUNT TDS IS APPLICABLE . PL SEND US CHART OF TDS APPLICABLE FOR ALL ALLIED SERVICES

1 Answers  

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Tell me what are the three factors that can affect your cash flow and business profitability?

0 Answers  

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what is mean by sample account and data transfer rule in SAP FI?

0 Answers  

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In the absence of any provision in the partnership agreement, profits and losses are shared (a) In the ratio of capitals. (b) Equally. (c) In the ratio of loans given by them to the partnership firm. (d) None of the above.

0 Answers   Tech Mahindra,

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