What are the different sundry creditors


what are the different sundry creditors

All creditors are collectively known as sundry creditors. The term "creditor" is used for a person or entity to whom your business owes. and he has credit balance of say Rs/- than its ok but another vendor say what SAP is doing it will show debit balance in sundry creditor Reco. Sundry Creditors are those person to whom you are liable to pay Outstanding money. · Its a liability because there is a burden on the concerned person to pay the.

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: What are the different sundry creditors

What are the different sundry creditors
What are the different sundry creditors
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what are the different sundry creditors
Debtors are the assets of the company while Creditors are the liabilities of the company. A creditor is a term used in accounting to describe an entity can either be a person, organisation or a government body that what are the different sundry creditors owed money, as they have provided goods or services to another entity. Fewer debtor days are better for a company. What is a sundry rental expense? Conclusion Business transactions, at their simplest, have two parties involved: the creditor and the debtor.

What are the different sundry creditors -

Still this is also our loss. They are the two parties to a particular transaction and hence there should not be any confusion regarding these two anymore. Note: You can delete the ledger if no vouchers have been created under it. So, the accountant added a page called Sundry Invoice that allows you to track these customers. Bad Debts or Dishonor If debtor does not pay our money.

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