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sundry creditor shows credit balance
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∙ 12y ago
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What is sundry debtors and sundry creditors?
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 debtorssundry creditor shows credit balance.
What to AP represents cash paid to creditors?
Increase of ap on the statement of cash flows shows what
When should the balance sheet be prepared?
The status report on assets and obligations shows the current success or failure of the company. Investors or creditors ask for these types of documents.
What is a charge-off on your credit report?
Charge off is a shortened version of "charged off to profit and loss". This is an internal accounting term for activity creditors take on defaulted accounts. For a consumer's purposes charge off = collection account. This is a defaulted debt that shows as a derogatory account on your credit file.
What is accounts payable aging report?
An accounts payable aging report is a list of amounts owed to creditors (people you owe money to) and this list shows how overdue the debt is. The report tells you whether the debt is current, 30 days overdue, 60 days overdue, 90 days overdue,etc.
What is sundry debtors and sundry creditors?
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 debtorssundry creditor shows credit balance.
Do all creditors have access to banking information?
Creditors do have access to your information that shows up on various credit reports.However, unless you sign an authorization, they can not access your individual bank information.
What to AP represents cash paid to creditors.?
Increase of ap on the statement of cash flows shows what
What to AP represents cash paid to creditors?
Increase of ap on the statement of cash flows shows what
Is a credit score of 756 good?
yes, it shows you probably pay your bills in full and have established creditors.
Is 756 a good credit score?
yes, it shows you probably pay your bills in full and have established creditors.
The money multiplier formula shows the effects of?
The money multiplier formula shows the effects of the Federal Reserve discount rate. It does not show a money supply or low interest rates on creditors over a period of time.
When should the balance sheet be prepared?
The status report on assets and obligations shows the current success or failure of the company. Investors or creditors ask for these types of documents.
If you haven't paid on old debts and start making payments will other creditors see this and try to collect?
What actually happens is that creditors are monitoring your credit report for hits and activity. When you reopen old debt meaning that that old dormant account shows new activity such as a repayment other creditors will pick that up. More importantly than the fact that you have started to pay other creditors is an interest in updated information you may have provided regarding new address, employers, banking info etc you may have given in an attempt to satisfy the creditor that you are trying to repay which is used to locate you and your money in an attempt to collect their debt also.
What if one of the three credit agencies shows your payment history as unknown for each month is this hurting your credit score?
No. Not all creditors report to all CRA's. For example Trans Union is basically the Mid-West. The other two major CRA's report few Mid-West accounts.
What is a charge-off on your credit report?
Charge off is a shortened version of "charged off to profit and loss". This is an internal accounting term for activity creditors take on defaulted accounts. For a consumer's purposes charge off = collection account. This is a defaulted debt that shows as a derogatory account on your credit file.
How many points will your score go up if you pay off collections?
A credit score is calculated on the overall credit history, therefore it is not possible to even estimate exact numbers. However, paying off collections shows future creditors that you are acting in good faith to honor your financial obligations.
