What do you mean by sundry debtors and sundry creditors in Tally.ERP 9? How do I fill these entries?
In the credit change, both selling and purchasing of goods add up the relationship toward debtor and creditor. Debtors are the one to whom the goods are sold on credit. On the contrary, the creditors are the parties who have sold the goods on credit. In a company, both have effective working capital management.
Sundry Debtors:
Obviously, sundry debtors are the most common terms used in the accounting realm. Sundry Debtors are an integral part of the current asset sector. In addition, it is the phenomenon where the customer has to owe money to the business.
Sundry Creditors
Sundry Creditors are the trade payables who comes under the current liability. Here, the company owes money to the creditor on account of goods and services received.
Here is the line of difference between Sundry Debtors and Sundry Creditors.
How do I fill these entries?
Filling the Sundry Creditor and Sundry Debtors are easier in the Tally ERP 9 Software.
For Sundry Debtors/Creditors ledger creation,
Go to Gateway of Tally → Accounts info → Ledgers → Create
To see the outstanding document of Sundry Debtors follow these steps.
Go to Pending documents → Under outstanding → Receivables → Press Alt+X → View Exceptions → Select Sundry creditors with a debit balance
To see the outstanding document of Sundry Creditors, follow these steps.
Go to Pending documents → Under outstanding → Receivables → Press Alt+X → View Exceptions → Select Sundry debtors with a credit balance
More details on Tally software, visit Mazenet Technologies
Reach us for inquiry: 7397723052 / 1800–200–1766
