Definition of sundry credits?
Sundry Credits represent items/transactions which cannot be classified immediately under any credit account.
SUNDRY - Miscellaneous small or infrequent customers that are not assigned individual ledger accounts but are classified as a group. SUNDRY CREDITORS - refers to companies or individuals to which money is owed. SUNDRY DEBTOR - is an entity from who amounts are due for goods sold or services rendered or in respect of contractual obligations. Also termed: debtor, trade debtor, and account receivable.
A sundry account is a corporate account typically used for recording miscellaneous items for which an appropriate account has not yet been established. Sundry accounts are usually temporary or in-process accounts, meaning they must be cleared to a zero balance (total debits must equal total credits) at the end of each accounting period.
You may have a category of sundry, or miscellaneous, creditors on the books for occasional or small vendor relationships, rather than setting up a separate vendor account for these infrequent... 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 sundry creditor shows credit balance.