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Sundry is a category in general accounting that is used to describe a miscellaneous group of vendors. These vendors are often smaller or infrequent relationships that do not require their own entry. If the vendor currently owes the parent company money, then they are considered a sundry debit. On the other hand, if they have provided goods or services for which the parent company owes them for, they are considered a sundry credit.
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∙ 9y ago
VICTOR MINIKON TOGBA
Sundry debit is a group of accounts with similar nature and are considered as Other assets in a bank's book.
While, Sundry credit is a group of accounts with similar nature and are considered as Other liabilities in a bank's book.
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What is sundry creditors on debit and credit side?
middle
Is sundry debtors have debit or credit balance?
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. Regards, Ajish
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
What is the journal entry for a cash purchase?
Debit Asset a/c if asset a/c is bought and credit Cash a/c OR if these are sundry supplies debit that head and credit cash acct
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.
What is the journal entry for sundry creditors?
Debit expensesCredit sundry creditors
Sundry creditors shows?
sundry creditor shows credit balance
What is the primary difference between a credit card and a debit card?
credit mean were you take money debit is what you give money
What is the primary difference between a credit card and debit card?
credit mean were you take money debit is what you give money
Is prepaid insurance a debit or credit?
Debit
What does debit mean on a gas bill?
On a bill a debit is a charge, while a payment is a credit.
What is the difference between a sundry debtor and a sundry creditor account?
sundry debtor is whom they baught goods on credit basis
