sundry creditors is a personal account.
the rule applying would be debit the reciever, credit the giver
Debit expensesCredit sundry creditors
sundry
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance sheet.
Debit expensesCredit sundry creditors
sundry
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance sheet.
Those who are members of a Cooperative Society was told that unclaimed dividened of their savings during the annual AGM will classify as Sundry Creditors and shall not be allowed to accumulate the dividened out into their account. Is this the right term to use?
Sundry creditors a/c dr to proprietors personal a/c cr
Purchases A/c -Dr 5000 To Sundry Creditors 5000
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.
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
When amount from more than one small creditors are join and shown together it is called sundry creditors.
yep its returns