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Trade Debtors form part of working capital - they are an asset on the balance sheet, but are NOT part of inventory.
Trade debtors represent the amount owed by customers to a business for goods/services sold on credit (i.e.not sold for cash).
Inventory usually represents a business's stock (also part of working capital) - there are normally 3 sub-categories of inventory, being Raw Materials, Work-in-Progress (or part-finished goods) and Finished Goods (i.e. goods ready to sell / deliver to customers).
The other element of Working capital is Payables (or Creditors), which are amounts owed by the company to others, typically suppliers.
Working Capital = Debtors + Inventory - Payables
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What is the difference between trade debtors and sundry debtors?
The difference between trade debtors and sundry debtors is trade debtors are specific debts like credit cards. Sundry debtors are a wide variety of debtors that can be from any source.
What trade debtors?
Trade Debtors or Sundary debtors or accounts receivable is the person(s) to whom you sold goods on credit and agreed to receive payment in future.
What are the differences between trade debtors and sundry debtors?
sundry means "various". Sundry debtors means various debtors which not only include credit sales, but also include all other debtors(related to financial and other debt). So Trade debtors was part of sundry debtors. ok
16 In what circumstances would a non trade debtors control account be used?
i would like to know in what circumstances would a non trade debtors control account be used?
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
What is the difference between trade debtors and sundry debtors?
The difference between trade debtors and sundry debtors is trade debtors are specific debts like credit cards. Sundry debtors are a wide variety of debtors that can be from any source.
What trade debtors?
Trade Debtors or Sundary debtors or accounts receivable is the person(s) to whom you sold goods on credit and agreed to receive payment in future.
What are the differences between trade debtors and sundry debtors?
sundry means "various". Sundry debtors means various debtors which not only include credit sales, but also include all other debtors(related to financial and other debt). So Trade debtors was part of sundry debtors. ok
How do you calculate average trade debtors?
To calculate average trade debtors, you need to add the opening trade debtors balance to the closing trade debtors balance and divide it by 2. This will give you the average trade debtors for the specified period.
Do you include trade debtors net of GST?
yes
Are trade debtors tangible assets?
Trade debtors are persons or organizations who allows others to buy items or goods with credit and to receive payment for such goods at a later date, and tangible assets include both fixed assets and current assets. The items or goods are the assets, not the trade debtors.
16 In what circumstances would a non trade debtors control account be used?
i would like to know in what circumstances would a non trade debtors control account be used?
What are Trade Creditors?
Trade Debtors or Sundary debtors or accounts receivable is the person(s) to whom you sold goods on credit and agreed to receive payment in future.
Is a trade debtors asset or liability?
yes It is an Asset, not a Liability.
Is trade debtors a debit or credit transaction on the trial balance?
credit
Can you trade pets on yoville?
Yes but they must be in your inventory at the time of trade.
What is the difference between trade creditors and trade debtors?
Trade creditors are suppliers who Êare allow by a Êbusiness to acquire products , and receive the payment for those products on a later date. On the other hand, trade debtors are Êpeople or organisations or are allowed to buy products from a business and make payment on a later date
