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Q: What does it mean for credit balance of a debtors?
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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


Is trade debtors a debit or credit transaction on the trial balance?

credit


Where is posted the debtors?

The debtor is posted on the credit side of the balance sheet.


When the debtors account shows the credit balance?

When business receives money in advance....


What does debtors mean in the balance sheet?

Assets


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.


When does a debtors account have a credit balance?

goods in transit a debtor(customer) could also be a supplier(creditor)


How do you Treat debtors in balance sheet?

Debtors is part of current asset and shown there in balance sheet.


What do you mean sundry debtors?

customers to whom we sell goods on credit are known as debtors...for more detail see 'ULTIMATE BOOK OF ACCOUNTANCY'


Formula for calculation for debtors credit period?

average debtors/credit sales X 365


What is sales ledger control account?

Sales control account is a summary of transactions relating to the debtors balance.the debtors ledger account is debited when there is an increase of the debtors balance and credited when there is a reduction of the debtors balance


What does the final balance on a sales ledger control account represent?

it represents the amount that trade receivbles owe to the business at the end of the financial period (dr balance) credit balance represents the amount that the business owe to the debtors (minority balance)