Meaning of sundry creditor

Answer 1

A sundry creditor refers to a variety of creditors to whom a business owes small amounts of money, typically for goods or services provided. These creditors are often not significant enough to be categorized as major suppliers or lenders, and they may include various vendors, utility companies, or service providers. In accounting, sundry creditors are usually listed under current liabilities on the balance sheet. This classification helps businesses manage their short-term obligations effectively.