How to create Sundry Creditors and Sundry Debtors Aging
analysis.

Answers were Sorted based on User's Feedback



How to create Sundry Creditors and Sundry Debtors Aging analysis...

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

Is This Answer Correct ?    46 Yes 12 No

How to create Sundry Creditors and Sundry Debtors Aging analysis...

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>.

Is This Answer Correct ?    37 Yes 8 No

How to create Sundry Creditors and Sundry Debtors Aging analysis...

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

Is This Answer Correct ?    28 Yes 2 No

How to create Sundry Creditors and Sundry Debtors Aging analysis...

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.

Is This Answer Correct ?    16 Yes 7 No

Post New Answer

More Accounting General Interview Questions

Difference between P/L a/c and Trading a/c

13 Answers  


how we maintain account for a coaching institute?

2 Answers  


Explain . 1. Retail Invoice. 2. Tax Invoice. 3. Commercial Invoice. 4. E1 Invoice.

5 Answers   DELL, Deloitte, Uninor,


what is Assets & Liabilities ?

4 Answers   College School Exams Tests, EDS, Focus,


Explain me what is assets minus liabilities?

0 Answers  






What is Suspense Account?

1 Answers  


Explain the Steps to transfer the data from AP to GL

0 Answers   Accenture,


Which kind of transactions are not recorded in the books of account?

0 Answers  


what is IPO

13 Answers   Bank Of America,


what will be entry if fixed deposit mature & bank deduct tds also on it

3 Answers  


how do we pass the Entry for Depreciation?

6 Answers  


Were i have to enter for agreements in tally and in which ledger it will come

0 Answers   Accounting,


Categories