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August 29, 2025, 07:25:51 am
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Author Topic: Sundy creditor  (Read 15940 times)  Share 

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Chavi

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Sundy creditor
« on: June 08, 2010, 07:05:12 pm »
sundry creditors isn't Unit 3 ... .

How did ppl record Joe's plumbin'?

I had:
DR Equipment $1200
DR GST Clearing: $35
CR Sundy creditor - Joes Plumbing $385
CR Stock control - 850

Can any1 confirm?
And btw, did u have to have Sundry creditor in the title?
« Last Edit: June 08, 2010, 07:07:03 pm by Chavi »
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Syncness

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Re: Sundy creditor
« Reply #1 on: June 08, 2010, 07:07:22 pm »
DR EQ - 1.2k
DR GST - 35
CR Creditor - 385
blank indent/// Joe's Plumbing - CR 385
CR Stock Control 850

Had a line to spare, text book did it in this format.
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Chavi

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Re: Sundy creditor
« Reply #3 on: June 08, 2010, 07:12:27 pm »
Quote from: Syncness on June 08, 2010, 07:07:22 pm
DR EQ - 1.2k
DR GST - 35
CR Creditor - 385
blank indent/// Joe's Plumbing - CR 385
CR Stock Control 850

Had a line to spare, text book did it in this format.
I don't think sundry creditors get a subsidiary ledger - they're reported as a CL in the b.s.
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mojomojo

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Re: Sundy creditor
« Reply #4 on: June 08, 2010, 07:12:34 pm »
Quote from: Albeno69 on June 08, 2010, 07:10:04 pm
i was never taught this

Yeah same, i saw this Sundry Creditor thing in the practice exams of like 2006-2007.
My teacher said its Unit 4 stuff.
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mmmmm

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Re: Sundy creditor
« Reply #5 on: June 08, 2010, 07:12:51 pm »
Quote from: Albeno69 on June 08, 2010, 07:10:04 pm
i was never taught this

neither.  so i had NO idea what to do.  i can't even remember what i did..
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mojomojo

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Re: Sundy creditor
« Reply #6 on: June 08, 2010, 07:13:12 pm »
Quote from: Chavi on June 08, 2010, 07:12:27 pm
Quote from: Syncness on June 08, 2010, 07:07:22 pm
DR EQ - 1.2k
DR GST - 35
CR Creditor - 385
blank indent/// Joe's Plumbing - CR 385
CR Stock Control 850

Had a line to spare, text book did it in this format.
I don't think sundry creditors get a subsidiary ledger - they're reported as a CL in the b.s.

I think he's refering to just normal Creditor.
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Akirus

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Re: Sundy creditor
« Reply #7 on: June 08, 2010, 07:17:54 pm »
I am unsure for the layout in this question, it's not even in the damn unit.

I did:

DR Equipment 850
    CR Stock Control 850

DR Equipment 350
DR GST Clearing 35
   CR Creditors Control 385  <- wasn't sure what to put for the heading =/
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herrinls

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Re: Sundy creditor
« Reply #8 on: June 08, 2010, 07:36:31 pm »
Why wasent there in the GST clearning account at the start of 2.2, the $35 entry of GST from the sundry creditor???
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Chavi

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Re: Sundy creditor
« Reply #9 on: June 08, 2010, 07:37:46 pm »
Quote from: Akirus on June 08, 2010, 07:17:54 pm
I am unsure for the layout in this question, it's not even in the damn unit.

I did:

DR Equipment 850
    CR Stock Control 850

DR Equipment 350
DR GST Clearing 35
   CR Creditors Control 385  <- wasn't sure what to put for the heading =/
Why did you list equipment twice?
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Albeno69

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Re: Sundy creditor
« Reply #10 on: June 08, 2010, 07:38:26 pm »
i never learnt bout sundry creditor, is it even in unit 3 study design
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mojomojo

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Re: Sundy creditor
« Reply #11 on: June 08, 2010, 07:39:07 pm »
Quote from: Albeno69 on June 08, 2010, 07:38:26 pm
i never learnt bout sundry creditor, is it even in unit 3 study design

It's unit 4.
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herrinls

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Re: Sundy creditor
« Reply #12 on: June 08, 2010, 07:40:07 pm »
Why wasent there in the GST clearning account at the start of 2.2, the $35 entry of GST from the sundry creditor???
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kakar0t

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Re: Sundy creditor
« Reply #13 on: June 08, 2010, 07:42:07 pm »
lmao so what happens with the sundry creditor question?

I put down sundry creditor :/
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Akirus

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Re: Sundy creditor
« Reply #14 on: June 08, 2010, 07:45:19 pm »
Quote from: Chavi on June 08, 2010, 07:37:46 pm
Quote from: Akirus on June 08, 2010, 07:17:54 pm
I am unsure for the layout in this question, it's not even in the damn unit.

I did:

DR Equipment 850
    CR Stock Control 850

DR Equipment 350
DR GST Clearing 35
   CR Creditors Control 385  <- wasn't sure what to put for the heading =/
Why did you list equipment twice?

I assumed it was two separate transactions, although honestly I have no clue as I haven't done this question in recent memory.
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