Explain Sundry Debtors and Sundry Creditors.
- 17 Answers
- 136271 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 |
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
Can you differentiate accounting and auditing?
Hi, I am working at Himachal Pradesh, there we pay entry tax for purchase other state. but now govt decide this tax will be deposited with Sale Tax return, now my question is that where column i show this tax or which challn i deposit this tax
Goods worth Rs.347.60 has been destroyed. Ex:(parachute Hair Oil 8 Ml, So entry will be.. Abnormal Loss A/c Dr....347.60 To Stock Destroyed A/c How it possible????
Explain what is gaap?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
iam working at hotel industry it is a small industry so, i did'nt kept postage and telegram ledger because we are not doing so recently we send courier that courier charges which ledger i have to take?
what is the performa of bank reconcilation ? i want to need it and also i want to know about tds entry for various sources such as rent,contractor, commission, etc. and how we make the tds return, please tell me its very urgent?
what is the golden rules of accounting
Opening stock 17499565 purchses 89693855 expanditure 1735800 deprciation 223309 patner salary 300000 interst paod 937500 provisions 119265 sales 91600120.adjustment 1 gross profit is 6.72percentage on sales.2.net profit is 3.10 percent on sales
What is derivates and types of derivatives?
There are two Business areas 1100 and 1200. I need to pick 1200 b.areaonly While enter the transaction? could any one please post the answer for this.
Audit 
