Explain Sundry Debtors and Sundry Creditors.

Answer Posted / chennai

Sundry creditors means if I am having a pen shop I purchase goods to other companies is called sundry creditors
Sundry debtors means I am sell a goods to my customer is called sundry debtors.

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHAT IS NPF IN ACCOUNTS. AN ENTRY IN BANK STATEMENT" NPF SOME NAME XXXX DR SIDE" PLEASE ANSWER WHAT IS NPF?

5919


How to pass an general entry for materials which are stored in warehouses??????

1835


Define partitioning in accounting?

1142


What accounts are to be debited and credited in this case o

1312


Tell me what is gaap?

619






WHAT IS THE VAT/CST RATE FOR PURCHASING COMPUTER/PHERIPHERALS FROM GUJARAT AGAINST C FORM, FOR DIU (UNION TERRITORY) AND WHAT RATE OF VAT/CST I HAVE TO PAY IN DIU FOR SALE.

2934


Hello sir, i am assistent executive in partnership firm.i learn't tds return, sales tax return, service tax return and all accounting entry,reconciliation with customer & supplier.BRS. please guide me for more knowledgeble sectore in account. hense i reach become a good position in account sectore.

1381


credit card all entry pass in tally

1036


How to pass workscontract sale invoice which includes WCT & VAT.

1798


the selling price of a prouduct of vintex limited inclusive of basic excise duty 16% and education cess 2% and SAH cess 1% is rs 3002. find the assessable unit of prouduct?

2487


in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

4613


What procedure for excess payment to supplier I would like know without adjusting invoice that means how supplier will send back excess amount how do in oracle apps?

663


What is account payee cheque? Expand ctc cheque?

726


what are the main important accounting entries for AP and AR ...

1000


Explain me is any difference between inactive and dormant accounts?

625