Sundry creditors a/c dr
to proprietors personal a/c cr
debit drawings account 2000credit goods account 2000
creditors journal
debit accounts payablecredit bank account
Debit expensesCredit sundry creditors
[Debit] Bank account xxxx [Credit] Accounts payable account xxxx
debit drawings account 2000credit goods account 2000
The expense account will be debited and capital will be credited by the same ammount
creditors journal
debit accounts payablecredit bank account
Debit expensesCredit sundry creditors
[Debit] Bank account xxxx [Credit] Accounts payable account xxxx
A journal is a personal written account of daily experiences, thoughts, and impressions that may be less personal than a diary. Journals often focus on reflection, self-improvement, and goal-setting rather than a detailed record of personal events and emotions.
A Journal
journal
what is the reason businesses record into creditors allowances journal
Purchases A/c -Dr 5000 To Sundry Creditors 5000
It depends on what kind of journal and what kind of information you need. If it is a personal journal, and you need personal information about someone, then a personal journal is what you need.