Sundry debtors aur sundry creditors kaise match kare

accounting mein sundry debtors and sundry creditors ko kaise match karte hai
Replies (3)
Quick Summary
This discussion explains how to match sundry debtors and creditors in accounting. It involves collecting statements, comparing outstanding balances, investigating differences, and making necessary adjustments. Regular reconciliations are key to maintaining accuracy and resolving discrepancies promptly. The thread also touches upon the possibility of offsetting receivables and payables, referencing accounting standards.

  1. Collect statements from both sundry debtors and sundry creditors.
  2. Compare the outstanding balances between the two parties.
  3. Investigate any differences or discrepancies in the balances.
  4. Make necessary adjustments to rectify discrepancies, such as recording missing payments or invoices and correcting errors.
  5. Prepare a reconciliation statement summarizing the matching process and showing the final agreed-upon balances.
  6. 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.

For more detailed information, visit Swipe Blogs.

You can do that if your standard permits you to offset receivables and payables. In most cases companies do matching

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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