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
What is the use of form D in sale tax
WHAT IS ACCOUNTING HEAD FOR TRADE FINANCE? I HAVE PAID 49268 FOR TRADE FINANCE.WHERE SHOULD I TAKE IN TALLY
In South Africa, the value added tax is administered by?
SHADOW BALANCE SHEET
Explain what are the rules for debit and credit for different accounts to increase the amount in your business accounts?
WHAT IS OPERATING CYCLE?
How to Automate requirment mapping in QC?
What would be the entry at the time of Generating Tution Fee Challan for Advance fees. (e.g In the Month of April, Fees of June and July in being asked to pay by school to their students?,
CAN C FORM AND F FORM BE ISSUED FOR SAME JOB WORK CONTRACT CONSIGNMENT
contents of an invoice receipt? difference b/w statutory audit & internal audit? Where the bank book and the cash book will not reconcile? difference b/w income & expenditure a/c & p/l a/c? what is ERP? what is full form & the application of SAP? Why income statement prepared? What are the reasons where Balance sheet will not tally? How do you calculated Closing stock in the trading a/c? When will the cash book have a Credit balance? Why do you prepare p/l appropriation a/c? What are the 4 difference b/w public and private company? What do you mean by Contingent liability? Explain: Accrual Concept 1. Realisation concept? 2. Accounting concept?
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
How do you maintain accounting accuracy?
If the company acquires equipment prior to incorporation what are the accounting entries?
How Can We Justify the,Real A/C & Nominal A/C?
Is the shadow balance present in bank account always credited or bank may reverse it as well?