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What is mean by sundry debtor and sundry creditor?
Sundry Debtor is a person who bought goods or received service from us (Customer) Sundry Creditor is a person whom we received the goods are service (Our Vendor)
Sundry creditors shows?
sundry creditor shows credit balance
What is the difference between a sundry debtor and a sundry creditor account?
sundry debtor is whom they baught goods on credit basis
What is mean by Sundry Creditor?
It is the company expenses.
Sundry Creditor is a type of account?
personal a/c
Sundry creditor is a -------------- 1.current liability 2.long term liability 3.current asset. 4.fixed asset.?
Sundry creditor is current liability.
What is sundry debtor and sundry creditor?
If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtors.
Definition of sundry creditor?
refers to companies or individuals to which money is owed.
Sundry creditor is ------------------- 1current liability2long term liability3current asset4 fixed asset?
Sundry creditors created when goods purchased on credit and it is normally for short term credit that's why it is current liability.
Formula for current liability?
Current Liability = sundry creditor+bank overdraft+ expenses payable+provision for tax,divident
What is sundry debtors and sundry creditors?
You may have a category of sundry, or miscellaneous, creditors on the books for occasional or small vendor relationships, rather than setting up a separate vendor account for these infrequent...If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtorssundry creditor shows credit balance.
Meaning of sundry creditor?
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.
