Debit expenses
Credit sundry creditors
Purchases A/c -Dr 5000 To Sundry Creditors 5000
Sundry creditors a/c dr to proprietors personal a/c cr
sundry debtors A/c........DR 1000 TO Sales A/c 1000
sundry
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
Purchases A/c -Dr 5000 To Sundry Creditors 5000
Sundry creditors a/c dr to proprietors personal a/c cr
sundry debtors A/c........DR 1000 TO Sales A/c 1000
sundry
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
When amount from more than one small creditors are join and shown together it is called sundry creditors.
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
is a book of first entry in which credit sales invoices are recorded
yep its returns
sundry creditor shows credit balance
sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver