refers to companies or individuals to which money is owed.
Sundry Debtor is a person who bought goods or received service from us (Customer) Sundry Creditor is a person whom we received the goods are service (Our Vendor)
sundry creditor shows credit balance
sundry debtor is whom they baught goods on credit basis
It is the company expenses.
personal a/c
Sundry creditor is current liability.
If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtors.
The person to whom you have sold goods.(Consumer is the debtor.)
payment to supplier
Sundry creditors created when goods purchased on credit and it is normally for short term credit that's why it is current liability.
Sundry Credits represent items/transactions which cannot be classified immediately under any credit account.
It means at various times and in various ways