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Explain Sundry Debtors and Sundry Creditors.
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Answer Posted / 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 |
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