can any one help me for finding out a sundry creditors and sundry debtors for projected balance sheet. I want to make a projected balance sheet how i get the sundry credtors and sundry debtors.please advise me
SURESH (GM) (24 Points)
18 August 2008can any one help me for finding out a sundry creditors and sundry debtors for projected balance sheet. I want to make a projected balance sheet how i get the sundry credtors and sundry debtors.please advise me
AHMED
(ca final )
(26 Points)
Replied 18 August 2008
sundry debtors is a current asset component and creditors is a current liab component and varies with the nature of the organization
CA Nitin Wadhwani
(Chartered Accountant)
(4469 Points)
Replied 18 August 2008
With the help of debtors & Creditors Velocity ratios Of previous years.
Sathish Karunakaran
(ACA)
(618 Points)
Replied 18 August 2008
Projected Sundry Debtors - Projected Aggregate Credit Sales / 360 * Average Credit period allowed to Debtors
Projected Sundry Creditors - Projected Aggregate Credit Purchase /360 * Average Credit period allowed by Credtiors
Obtain details about average Credit period in both cases from the client and compare it with previous year's financial statements
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)