A debtor's promise is an "I.O.U." Working on that crossword myself.
The difference between trade debtors and sundry debtors is trade debtors are specific debts like credit cards. Sundry debtors are a wide variety of debtors that can be from any source.
Debtors in England were sent to debtors prison.
Debtors in England were sent to debtors prison.
what are the advantages of debtors?
sundry means "various". Sundry debtors means various debtors which not only include credit sales, but also include all other debtors(related to financial and other debt). So Trade debtors was part of sundry debtors. ok
what are the classifications of debtors? what is the meaning of debtor exceeding 6 months & debtors for the year? how to calculate this?
Yes, England did have debtors' prisons in the past. Debtors who were unable to repay their debts could be imprisoned until their debts were settled or a repayment plan was agreed upon. The practice of imprisoning debtors was abolished in England in the mid-19th century.
why debtors and creditors are called as sundry? Debtors = In general business terminology means Customers to whom the goods are sold on credit. Sundry = Various Therefore Sundry Debtors means Debtors for various reasons and not merely for Credit Sales.
Debtors are aged to find out that who has not paid for longer time and which debtors need more focus efforts to realize money and which debtors are still in credit policy limit.
Debtors Anonymous was created in 1971.
Debtors are those customers who purchases goods from company on credit so debtors are current assets of business.
No entry for opening debtors these are just transferred from previous period to current period.