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What is the difference between trade debtors and sundry debtors?
Wiki User
∙ 9y ago
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.
Wiki User
∙ 9y ago
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What are the differences between trade debtors and sundry debtors?
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
What are the objectives of accounts receivables management?
1.Maximing the value of the firm. 2.Optimum investment in sundry debtors. 3.Conrol and cost of trade credit.
What trade debtors?
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.
Difference between provision for doubtful debt and bad debt?
Bad debts is a sure loss, irrecoverable on a given date and is written off from the trade debtors. an over aged debtors usually turn out to be bad debtors. provision for doubtful debts is created based on estimation that the certain percentage of debtors may turn out to be doubtful debts. a percentage is worked out based on the debtor's collection period and general economic environment.
Difference between trade creditors and other creditors?
A trade creditor is usually someone who supplies you with core products. For example if you are a builder then your trade creditors supply your building materials, fuel for you truck, tools, etc. A sundry creditor is the company that supplies other items like the water cooler in the office, or the company that sold you the window blinds.
What are the differences between trade debtors and sundry debtors?
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
What is the difference between trade creditors and trade debtors?
Trade creditors are suppliers who Êare allow by a Êbusiness to acquire products , and receive the payment for those products on a later date. On the other hand, trade debtors are Êpeople or organisations or are allowed to buy products from a business and make payment on a later date
What are the objectives of accounts receivables management?
1.Maximing the value of the firm. 2.Optimum investment in sundry debtors. 3.Conrol and cost of trade credit.
What trade debtors?
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.
How do you calculate average trade debtors?
To calculate average trade debtors, you need to add the opening trade debtors balance to the closing trade debtors balance and divide it by 2. This will give you the average trade debtors for the specified period.
Difference between provision for doubtful debt and bad debt?
Bad debts is a sure loss, irrecoverable on a given date and is written off from the trade debtors. an over aged debtors usually turn out to be bad debtors. provision for doubtful debts is created based on estimation that the certain percentage of debtors may turn out to be doubtful debts. a percentage is worked out based on the debtor's collection period and general economic environment.
Difference between trade creditors and other creditors?
A trade creditor is usually someone who supplies you with core products. For example if you are a builder then your trade creditors supply your building materials, fuel for you truck, tools, etc. A sundry creditor is the company that supplies other items like the water cooler in the office, or the company that sold you the window blinds.
What is the difference between Free trade and protection from trade?
the answer is banana
What is key management?
Looking after a customer, particularly a customer who places allot of business with you so that you keep and grow that business and the relationship you have with the customer (to stop them going. 1.Maximing the value of the firm.2.Optimum investment in sundry debtors.3.Conrol and cost of trade credit
Do you include trade debtors net of GST?
yes
Are trade debtors tangible assets?
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.
What is key account management?
Looking after a customer, particularly a customer who places allot of business with you so that you keep and grow that business and the relationship you have with the customer (to stop them going. 1.Maximing the value of the firm.2.Optimum investment in sundry debtors.3.Conrol and cost of trade credit
