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what is the sundry creditors for expenses ans with examples
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Answer Posted / dharmesh sati
Creditors - If ABC LTD companay had purchased material from
XYZ Company in that case
For ABC LTD XYZ is Creditors mean ABC have to pay to XYZ &
For XYZ ABC is Debtors mean XYZ will received amount from
XYZ
In short Creditors are liability for Business & Debtors are
assets of Business
| Is This Answer Correct ? | 82 Yes | 31 No |
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