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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
What else can I help you with?
Is trade debtors a debit or credit transaction on the trial balance?
credit
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
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.
What is sundry creditors on debit and credit side?
middle
What is a Debtors a credit or debit?
Debtors represent amounts owed to a business by its customers for goods or services provided on credit. In accounting, debtors are classified as assets on the balance sheet, specifically under current assets, because they indicate future cash inflows. Therefore, debtors are considered a debit entry in accounting terms, reflecting an increase in assets.
Is trade debtors a debit or credit transaction on the trial balance?
credit
What does it means if sundry creditor hava a debit balance and credit balance?
If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.
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.
What is sundry creditors on debit and credit side?
middle
Does cash on hand have a debit or credit balance?
credit
Is withdrawal a debit or credit balance?
it is a debit balance because it decreases owner's equity, which has credit balance.
Is a premises an credit or debit?
Premises is an asset for business and like all other assets of business which has debit balance as normal default balance it also has debit balance.
What type of account is the sundry creditors?
sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver
Does assets account have a debit balance or a credit balance?
debit
Is purchases a normal debit or credit balance?
debit balance
Is accrued expenses a debit or credit balance?
Debit in your Income statement credit in your balance sheet.
Is withdrawals a debit or a credit?
it is a debit balance because it decreases owner's equity, which has credit balance.
