Differentiate between a sundry debtor and a debtor?
im not too sure roughly speaking their difference. i know sundry debtors are somewhat insignificant and aren't given their own individual accounts but are grouped together. i still don't infer it incredibly in good health...
explaination please
Answers:
A trade debtor arises from sale made to him. He is a customer of the co. A sundry debtor arises from other transactions, for e.g. staff who borrow loans from the co. or who are given advance are sundry debtors. He can also be someone whom the co. sold a fixed asset to.
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explaination please
Answers:
A trade debtor arises from sale made to him. He is a customer of the co. A sundry debtor arises from other transactions, for e.g. staff who borrow loans from the co. or who are given advance are sundry debtors. He can also be someone whom the co. sold a fixed asset to.