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    Sundry Creditor

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    anakalita424

    Copyright:

    © All Rights Reserved
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    Sundry Creditor

    Uploaded by

    anakalita424
    81 views3 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    81 views3 pages

    Sundry Creditor

    Uploaded by

    anakalita424

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    You are on page 1of 3

    SUNDRY CREDITOR

    Place the Ledgers accounts of all Trade Creditors/suppliers (even if any ledger accounts has Debit
    balance at some point of time due to advance payment etc.). If you sale to or purchase from same party,
    create only one ledger account and place under sundry Debtors or Sundry Creditors Group (as
    convenient).

    Posting is made from Purchase Day Book, Purchase Returns Book, Cash Book, Bills Payable Book
    and Journal Proper for the transactions affecting the accounts of Creditors.

    Note:- You need not open two accounts for the same party – one under Sundry Creditors and another
    under Sundry Debtors. Tally restricts opening of two identical ledger accounts.

    E.G:- 1.

    * Purchase Goods from DD.Store @ 1000/- on credit.


    N-Dr P-Cr

    Purchase A/C-Dr-1000
    DD.Store A/C-Cr-1000 {DD.Store. Under- Sundry Creditor}
    Or
    Purchase A/C-Dr-1000
    To DD.Store A/C-1000.

    Purchase Voucher (F9)

    *Cash paid to DD.Store @1000.


    R-Cr P-Dr

    DD.Store A/C-Dr-1000 {Note: No Need to Create another Account for DD.Store


    Cash A/C-Cr-1000 as Sundry Debtor}
    Or
    DD.Store A/C-Dr-1000
    To Cash A/C-1000.

    Payment Voucher (F5)

    E.G:-2.

    Advance Payment

    *Cash paid to Amit @5000.


    R-Cr P-Dr

    Amit A/C-Dr-5000 {Create Amit account under-Sundry Creditors}


    Cash A/C-Cr-5000 even Amit account is Debited.
    Or
    Amit A/C –Dr-5000
    To Cash A/C-5000.
    Payment voucher (F5)
    SUNDRY DEBTORS

    It contains numerous accounts of customer Accounts (even if Opening Balance is Credit). If you sale to or
    purchase from same party, create only one ledger account and place under Sundry Debtors or Sundry
    Creditors Group. Advances received from customers should also be included in customer’s Account,
    under Sundry Debtors group.

    In this ledger, the accounts of all Debtors for goods are maintained. Posting is made from Sales
    Day Book, Sales Returns Book, Cash Book, Bills receivable Book and Journal Proper for the transactions
    affected the accounts of Debtors.

    E.G:- 1.

    * Sale Goods to RR.Store @ 2000/- on credit.


    N-Cr P-Dr

    RR.Store A/C-Dr-2000
    Sale A/C-Cr-2000 {RR.Store. Under- Sundry Debtor}
    Or
    RR.Store A/C-Dr-2000
    To Cash A/C-2000.

    Sale Voucher (F8)

    *Cash received from RR.Store @2000.


    R-Dr P-Cr

    Cash A/C-Dr-2000 {Note: No Need to Create another Account for DD.Store


    RR.Store A/C-Cr-2000 as Sundry Creditor}
    Or
    Cash A/C-Dr-2000
    To RR.Store A/C-2000.

    Receive Voucher (F6)

    E.G:-2.

    Advance Received

    *Cash receive from Ram @6000.


    R-Dr P-Cr

    Cash A/C-Dr-6000 {Create Ram account under-Sundry Debtor}


    Ram A/C-Cr-6000 even Ram account is Credited.
    Or
    Cash A/C –Dr-6000
    To Ram A/C-5000.
    Received voucher (F6)

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