No. One of the duties of the executrix is to identify all of the assets of the estate, including any other stocks, bonds, bank accounts and property. Only when a complete inventory has been finished and the debts identified can the estate be closed. You should probably consult with a probate attorney for the state that you are in.
creditors have debit balances as advances receive from creditors..........
sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver
debtors
NO!
Yes
Contact your creditors.
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what are advatages of note receivables discounted to creditors
Creditors do not typically appear on a profit and loss account. A profit and loss account only includes revenue, expenses, and net profit or loss. Creditors are typically listed on a company's balance sheet under current liabilities, which reflects the amount owed to them at a specific point in time.
indicates an increase in the amount owed to creditors.
Sundry creditors a/c dr to proprietors personal a/c cr
The beneficiary owner account detail document refers to the document that contains the personal details of the owner of a given beneficiary. The document is usually legal and binding and must contain the signature of the owner of the account.