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Sundry Debtors always have Debit balance, if it is showing credit balance ie, Advance paid by Sundry debtors or your customers, if you are given discount after making the invoice, or excess payment done by your customers then the Sundry Debtors balance will be Credit.
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Ajish
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∙ 10y ago
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Is trade debtors a debit or credit transaction on the trial balance?
credit
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
Does a debit decrease liability?
Yes, a debit decrease liability and a credit increase liability. if a debtors/customer make the repayment obligation, it will decrease debtors, meaning decrease in liability.
What is sundry creditors on debit and credit side?
middle
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Is trade debtors a debit or credit transaction on the trial balance?
credit
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
Does a debit decrease liability?
Yes, a debit decrease liability and a credit increase liability. if a debtors/customer make the repayment obligation, it will decrease debtors, meaning decrease in liability.
What is sundry creditors on debit and credit side?
middle
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
Does cash on hand have a debit or credit balance?
credit
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
Is purchases a normal debit or credit balance?
debit balance
Does assets account have a debit balance or a credit balance?
debit
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is withdrawals a debit or a credit?
it is a debit balance because it decreases owner's equity, which has credit balance.
What type of account is the sundry creditors?
sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver
