From the above figures, prepare a statement showing the profit or loss made by him during 1991. SUNDRY DEBTORS DK & Co 14% 200000 AK TRADERS 50000 RAVI & Co 20000 SUNDRY CREDITORS ZAREEN IMPEX 15000 MTNL 3000 STAR EXPORTS 22000 Advance to Director CA RK JAIN 15000 Sanjeev Oberoi 20000 CASH 80000 345000 345000 Procedure We … The word "Sundry" is used for items which are not important enough to be mentioned individually. See more. Example of accounts payable. now that Dezyre have defined exactly what sundry debtors and creditors are, let's view this from a practical perspective. Definition of Sundry Sundry can mean various, miscellaneous, or diverse. Creditor definition, a person or firm to whom money is due (opposed to debtor). creditor, Marathi translation of creditor, Marathi meaning of creditor, what is creditor in Marathi dictionary, creditor related Marathi | मराठी words A creditor is an entity that extends credit, giving another entity permission to borrow money to be repaid in the future. I would just like to add some more info here. Max Enterprises purchased goods worth 1,00,000 from Ace Traders. During the year Rashid introduced a new capital of $5,000 and withdrew for his personal expenditure $9,000. They are usually infrequent, considerably low, miscellaneous in nature & are not classified under a … ... sundry creditors meaning. Drawing Power generally addressed as “DP” is an important concept for Cash Credit (CC) facility availed from banks and financial institutions. Definition of Sundry Debtors Sundry debtors could be referring to a company's customers who rarely make purchases on credit and the amounts are not significant. Updating drawing power for working capital by the bank is an important credit monitoring exercise. Human translations with examples: கடன் பொருள், செந்தில் கடன். Drawing power is the limit up to which a firm or company can withdraw from the working capital limit sanctioned. Sundry = miscellaneous, not subject to classification in the ordinary expense categories of the business. Sundry Expense General Expense: Meaning: It refers to any business expense which of random nature, a small amount, and cant be classified under any regular business expense. It is the business expense of regular nature and an amount larger than the sundry expense. Sundry creditors are such small entities that the company owes money to. Contextual translation of "sundry creditors" into Tamil. Regularity: These are irregular. Definition and Explanation: ... furniture $1,500; sundry debtors $14,000 stock in trade $19,000 sundry creditors $29,000. A suspense account is a catch-all section of a general ledger used by companies to record ambiguous entries that require clarification. These are regular. Sep 18 2013 01:33 PM 0. Sundry expenses are costs incurred for small things which can not be categorized under a specific heading. Muhammad. Accounts payable is also called as bills payable and the total amount that a company is liable to pay is shown as liability under the head ‘sundry creditor’ in the balance sheet. Things that wouldn’t be sundry are more easy to define than those that are, by their very nature. hi nagalakshmi! Or company can withdraw from the working capital limit sanctioned just like to add some more here... Goods worth 1,00,000 from Ace Traders would just like to add some more info here the sundry..:... furniture $ 1,500 ; sundry debtors and creditors are such small entities that the owes! 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