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Sundry creditors refer to various individuals or entities to whom a bank or business owes money for goods or services received. This term typically encompasses a range of small, miscellaneous debts rather than large or significant financial obligations. In accounting, sundry creditors are recorded as liabilities on the balance sheet, reflecting the bank's short-term financial obligations. Proper management of these creditors is essential for maintaining healthy cash flow and financial stability.
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What is the meaning of Sundry creditors?
sundry
What is the journal entry for sundry creditors?
Debit expensesCredit sundry creditors
What is the difference between Sundry debtors And Sundry Creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is difference between sundry debtors and sundry creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
How can pass sundry creditors journal entry?
Purchases A/c -Dr 5000 To Sundry Creditors 5000
What is the meaning of Sundry creditors?
sundry
What is the journal entry for sundry creditors?
Debit expensesCredit sundry creditors
What is difference between sundry debtors and sundry creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
What is the difference between Sundry debtors And Sundry Creditors?
Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.
How can pass sundry creditors journal entry?
Purchases A/c -Dr 5000 To Sundry Creditors 5000
Who is called sundry creditors?
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
What meant by sundry creditors?
When amount from more than one small creditors are join and shown together it is called sundry creditors.
Sundry creditors shows?
sundry creditor shows credit balance
Can sundry creditors make sale to sundry debtors?
yep its returns
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
What is the definition of sundry debtors and sundry creditors?
The person to whom you have sold goods.(Consumer is the debtor.)
What is sundry creditors on debit and credit side?
middle
