major heading and subheading of sundry creditors and sundry debtors
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major heading and subheading of sundry creditors and sundry debtors
major heading and subheading of sundry creditors and sundry debtors
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Answer:
Sundry Debtors are an integral part of the current asset sector. In addition, it is the phenomenon where the customer has to owe money to the business. Sundry Creditors. Sundry Creditors are the trade payables who comes under the current liability.
Explanation:
Sundry creditors are shown in balance sheet in liability side.
Debit balances of these customers are shown as sundry debtors in asset side of balance sheet since.