Explain Sundry Debtors and Sundry Creditors.
- 17 Answers
- 136123 Views
- SVE Drilling Tools, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / lakshman
who is the given to utility to company or person or
something is a creditors.
who got the utility is a debitor.
| Is This Answer Correct ? | 119 Yes | 29 No |
Answer / azeem gill
All those suppliers/parties to whom payment is still to be
made and which are kept in subsidiary ledgers are
collectively shown in one general ledger as Sundary
Creditors.
The same goes with the sundary debtors which are parties or
customers from whom payment is receivable and these are
kept individually in subsidiary ledgers but are clubbed in
one general ledger.
| Is This Answer Correct ? | 90 Yes | 17 No |
Answer / saroj kumar satapathy
Debtors are the one to whome you have shold good on credit, and they have to pay for that in future.
Detors are the current Asset.
Creditores are the one from whome you have purchased good on credi, and you have to for the sam in future. Creditors are the current Liability
| Is This Answer Correct ? | 58 Yes | 7 No |
Answer / juniad pm
Debtor is the Receiver
Creditor is the Giver
its like money, services, etc.
| Is This Answer Correct ? | 17 Yes | 1 No |
Answer / g
All those suppliers/parties to whom payment is still to be
made and which are kept in subsidiary ledgers are
collectively shown in one general ledger as Sundary
Creditors.
sundry creditor is a person whom we received service and good from them, we have to pay for them.
| Is This Answer Correct ? | 18 Yes | 6 No |
Answer / rukmitha .p
SUNDRY DEBTORS means if we holds somebodies shirt for money he is our debtors.SUNDRY CREDITORS means if somebody holds our shirt for money he is creditors -by sara sir
| Is This Answer Correct ? | 15 Yes | 3 No |
Answer / sudhansu kumar sinha .
Sunder debtors is the person from whom amount are due for goods & services rendered or in contractual obligation.
Sunder creditors it means amount owned by the business on omount of goods purchased or services rendered or in respect of contractual obligation.
| Is This Answer Correct ? | 15 Yes | 7 No |
Answer / salma
SUNDRY CREDITORS:- This is the 3rd sub-group of current liablities A/C's of trade creditors supplies (A/C Is that parties from whom credit purchase are made)are credited under this group.
SUNDRY DEBTORS :- This is the 6th sub group of current assets this group is used to create the A/C's of customers call parties to whom credit sale are made.
| Is This Answer Correct ? | 12 Yes | 4 No |
BRS
2 Answers Akzonobel, BEL, Chartered Accountant,
what is the jurnet entry ? why
Name Financial Institutions available in Indian Industry to meet financial needs ? and their objectives ?
WHAT IS OPERATING CYCLE?
Furniture is Destroyed in Fire ?? Where it will effect in Balance sheet ??
step by step TDS voucher entry in Tally 9 Please
In accounting equation what is the treatment of investment in shares??
What we have to post entry for payroll processing ? (Indian payroll)
what is accounting
What id The Differed Tax Liablity
what is meant by banling reconcillation statement?
i am trying to set up a recurring reversing journal in Oracle GL, my problem is i have income balance of £30k that i only want to show 1/12th in a period over 12 months. can any one help me set it up . i want to show P01-13 opening balance £30k less £27500 P02-13 reverse P01-13 journal P02-13 opening balance £30k less £25000 etc. or does anyone know of another way it can be done automatically every month.
Audit 
