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Average trade debtors average the number of days required for a company to receive payment from its customers. A large number means that a company must invest more cash in its unpaid accounts receivables, and a smaller number means that more cash is being made available for other uses.
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∙ 9y ago
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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 are the classification of debtors?
what are the classifications of debtors? what is the meaning of debtor exceeding 6 months & debtors for the year? how to calculate this?
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
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.
How to calculate DP ratio?
Stock+debtors-creditors/sale
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.
Formula for calculation for debtors credit period?
average debtors/credit sales X 365
How do you calculate credit sales?
the formula is: money recived from debtors during the year 5000 + debtors at the end of the year 3000 - debtors at the start of the year (1000) ________ credit sales = $7000
