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Q: What does creditors have better memories than debtors?
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What is sundry creditors and sundry debtors?

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 therfore the person who are paying us becomes our sundry debtors.


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 meant by sundry creditors?

When amount from more than one small creditors are join and shown together it is called sundry creditors.


What are advantages to creditors in case of note receivable than ordinary account receivable?

what are advatages of note receivables discounted to creditors


What is the difference between creditors 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 relationships. With today's computerized accounting, such an account is seldom used, since it is very quick and easy to add a new vendor or make inactive an unused one.

Related questions

Why do creditors have better memories than debtors?

Creditors have better memories than debtors is a popular quote that was coined by Benjamin Franklin. It is only logical for someone who owes money to forget but the one who is owed keeps remembering the debt.


Does a cat have a better memories than a dog?

no a dog has better memories


What is sundry creditors and sundry debtors?

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 therfore the person who are paying us becomes our sundry debtors.


Who would be more likely to favor inflation debtors or creditors?

A debtor would favour inflation; the debt would be repaid with money which is worth less than when it was borrowed.


How does inflation affects debtors and creditors?

The debtors are gainers during inflation, while the creditors are losers. The reason this happens is because, during inflation, the value of money reduces greatly. The implications of which are that a rupee in the month of August is worth much less than what it was worth back in March. This means that a person can buy fewer goods per rupee in the month of august, than what he could in the month of March. In terms of the debtor, he is essentially paying back a smaller amount (in real terms) even though the amount he owed to the creditor remained the same. As far as the creditor is concerned, the value of the money that he receives from his debtors is worth much less than what it was when he lent it to them. (Implying that his purchasing power will be reduced when they repay him)


Is silent hill homecoming better than silent hill shattered memories?

HELL YEAH!!! its way better than shattered memories you can pass the whole shattered memories game in a day. It's has the most better graphics than any other silent hill! There is even different monsters than any other silent hill!


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 boys or girl have better memory?

boys have sharper memory as compared to girls


Why high school is better than middle school?

High school is so much memories and fun like prom and homecoming. Middle school is nice and calm not as many memories.


What meant by sundry creditors?

When amount from more than one small creditors are join and shown together it is called sundry creditors.


What percentage of unsecured debt is paid to debtors in a chapter 13 bankruptcy?

Each Chapter 13 planis different. I have seen Chapter 13 plans pay nothing to unsecured creditors and I have seen plans that pay 100$ to the unsecured creditors. Most cases are much less than 50%. It just depends on how much income is left for plan payments and how much debt the debtor has.


What are Niall Horan's solos in the album midnight memories?

the beginning of you and I, better than words and there are others they're easy to find.