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?
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.
Purchases A/c -Dr 5000 To Sundry Creditors 5000
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.
Purchases A/c -Dr 5000 To Sundry Creditors 5000
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
sundry creditor shows credit balance
sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver
The person to whom you have sold goods.(Consumer is the debtor.)
Sundry Creditors