Explain Sundry Debtors and Sundry Creditors.
Answer Posted / aqeelraza
Generally, the debtor is the receiver and creditor is the giver against the money which was being received or paid against sale of goods or services on credit in trade called trade debtor and trade creditor but irregular assets or liabilities which relate to debt come under sundry debtors and sundry creditors.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
Pls let me know Job profile for Account Manager.
Explain what is accrual accounting?
Private purchases amounting to rs 5000 have been debited to purchases account
What was your average accounts receivable days outstanding/days sales outstanding?
Can we Put "TAX INVOICE" in the sale in Transit (E1) Invoice.
What is an ea in accounting?
why you want to lecturer
WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.
Why is accuracy important in accounting?
Explain me what is assets minus liabilities?
Can you help me to pass the journal entry for work in progress for a construction company? I would like to know the debit and credit for W.I.P will be under in which accounts head. Eg: debit will be in current asset a/c head, and credit will be under in which a/c in P&L? whether under purchase a/c head, or under direct income a/c head? please give me the details. Thanks for your previous answer?
What are the disadvantages of manual accounting?
Accounting Questions
What are the activities that are included in the cash flow statement?
Please answer me for the followings 1. i taken an office on January @ rent 28000.00 for one year and i paid 14000.00 as first payment balance will be paid on august. in tally how we post this and under which account especially balance 14000.0 under which account. 2.i have taken a loan from mr. A the amount is 100000.00 on January and the interest i need to pay on march 21000.00 the interest which iam going to pay is liability not a expense and it will be a expense in future, how we can post this also in tally and under which account. please somebody guide me who knows regards niyas es