what is Sundary Debtor and sundary creditor.
- 5 Answers
- 10156 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / shilpa
Sundary Debtor : who owes money to business
Sundary creditors : business owes money
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / venkatreddy
sundry debtors current assets
sunry creditors current libalites
| Is This Answer Correct ? | 11 Yes | 0 No |
Sundry debtor is current asset of the company & Sundry
creditor is the current liability of the company. When the
Goods are sold on the credit basis, the party to whom the
sales are made they are treated as sundry debtors. And when
we purchased the goods from the Supplier on credit basis
then the supplier will become Sundry creditor.
Ex: A sold goods to B on credit basis. Here in this
transaction " A "becomes sundry Creditor to " B ",
and "B "becomes sundry debtor to "A".
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / mohit tomar
Sundry Debtor is that whom we credit sold of goods & they are current assets for company, and Sundry Creditor is that from whom we purchase goods on credit, & they are current liability for company..
| Is This Answer Correct ? | 1 Yes | 1 No |
WHAT IS R/3 IN SAP.
What is the journal entry for sundry debtors
WHAT IS OPERATING CYCLE?
what is profit & Loss Appropriation A/c. why it is prepered? what are its benefit for a company.
How do you prepare mis reports?
Tell us what kind of work environment do you prefer?
what is Real a/c
Can TDS(Tax Deducted at source) expense be called Selling General and Administrative expense in Profit and loss statement,Or should it be included under head Provision for Taxation
how did prepare the trail balance & profit & loss A/c and balance sheet
what is the provisional of salary?
x pay incentive to y with tds@10%.what is the journal entry in the books of x & y?
My company was granted a bank facility of 750,000 for guarantee, performance bond, advance payment, retention guarantee and 100,000 bank overdraft. These facility amount was never added to the company account. a. What is the entry? b. Lien over fixed deposit for 50,000 to be brought upfront c. Lien over gradual buildup for fixed deposit 50,000 by transferring 10,000 monthly from customer's account to separate call account. d. After a month, we had an overdraft of 22,000. What will be my entry? e. After 3 months, we have a construction project and was asked for advance payment of 24,000 with a 25% margin? f. Another company asked for performance bond of 44,200 with 25% margin.
Audit 
