Sundry debtors aur sundry creditors kaise match kare
Denish Kaangariwala (136 Points)
20 June 2023
accounting mein sundry debtors and sundry creditors ko kaise match karte hai
3 Replies
B Durga Prasad
(Student)
(175 Points)
Replied 20 June 2023
- Collect statements from both sundry debtors and sundry creditors.
- Compare the outstanding balances between the two parties.
- Investigate any differences or discrepancies in the balances.
- Make necessary adjustments to rectify discrepancies, such as recording missing payments or invoices and correcting errors.
- Prepare a reconciliation statement summarizing the matching process and showing the final agreed-upon balances.
- Perform regular reconciliations to ensure accurate matching and timely resolution of discrepancies.
By following these simple steps, you can effectively match sundry debtors and sundry creditors in accounting.
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Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 20 June 2023
You can do that if your standard permits you to offset receivables and payables. In most cases companies do matching
Yasaswi Gomes new
(Finance )
(4514 Points)
Replied 20 June 2023
Does anyone know AS standard which mentions set off. I've searched accounting for investment and not available.
Provisions? What is AS equivalent standard to financial instruments
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