Trade creditors are suppliers who Êare allow by a Êbusiness to acquire products , and receive the payment for those products on a later date. On the other hand, trade debtors are Êpeople or organisations or are allowed to buy products from a business and make payment on a later date
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.
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
A trade creditor is usually someone who supplies you with core products. For example if you are a builder then your trade creditors supply your building materials, fuel for you truck, tools, etc. A sundry creditor is the company that supplies other items like the water cooler in the office, or the company that sold you the window blinds.
Trade Debtors are current assets they are usually meant for the goods
Trade receivable is that amount which is receivable from customers to whom company sold goods on credit while credits are those from whom company purchased goods on credit.
Trade Debtors or Sundary debtors or accounts receivable is the person(s) to whom you sold goods on credit and agreed to receive payment in future.
Bad debts is a sure loss, irrecoverable on a given date and is written off from the trade debtors. an over aged debtors usually turn out to be bad debtors. provision for doubtful debts is created based on estimation that the certain percentage of debtors may turn out to be doubtful debts. a percentage is worked out based on the debtor's collection period and general economic environment.
Trade creditors are the person's who lend for business or stock market. There are also weekly and daily loans in India.
these are the same
the answer is banana
There is no difference between international trade and foreign trade. Both terms refer to the import and export of goods, services, and capitals across international borders.
Trade debtors are persons or organizations who allows others to buy items or goods with credit and to receive payment for such goods at a later date, and tangible assets include both fixed assets and current assets. The items or goods are the assets, not the trade debtors.
person(s) to whom you bought goods on credit and who will invoice you trade creditors is therefore a liability (money that you owe to someone)
International trade is trade between two or more countries, while external is a trade in another country.
International trade is trade between people or businesses in different countries. Local trade is trade between businesses and individuals in the same local area.
What is the difference between a single trade discount and trade discount series? In: http://wiki.answers.com/Q/FAQ/2547-72 [Edit categories]
i would like to know in what circumstances would a non trade debtors control account be used?
trade deficit:negative balance of trade trade surplus: positive balance of trade
yes It is an Asset, not a Liability.
one is multilateral one is bilateral
Trade Debtors form part of working capital - they are an asset on the balance sheet, but are NOT part of inventory. Trade debtors represent the amount owed by customers to a business for goods/services sold on credit (i.e.not sold for cash). Inventory usually represents a business's stock (also part of working capital) - there are normally 3 sub-categories of inventory, being Raw Materials, Work-in-Progress (or part-finished goods) and Finished Goods (i.e. goods ready to sell / deliver to customers). The other element of Working capital is Payables (or Creditors), which are amounts owed by the company to others, typically suppliers. Working Capital = Debtors + Inventory - Payables
International is between this country and another. Domestic is only within this country.