yes It is an Asset, not a Liability.
liquid asset
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 is part of current asset and shown there in balance sheet.
Asset
yes It is an Asset, not a Liability.
liquid asset
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 is part of current asset and shown there in balance sheet.
Asset
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.
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
Average trade debtors average the number of days required for a company to receive payment from its customers. A large number means that a company must invest more cash in its unpaid accounts receivables, and a smaller number means that more cash is being made available for other uses.
Accounts receivable is that amount which is receivable from debtors at future date that's why it is current asset of business.
Examples of current assets are cash(in hand or at bank),
yes
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.