A sundry account is a corporate account typically used for recording miscellaneous items for which an appropriate account has not yet been established.
Sundry accounts are usually temporary or in-process accounts, meaning they must be cleared to a zero balance (total debits must equal total credits) at the end of each accounting period.
sundry debtor is whom they baught goods on credit basis
sundry creditors is a personal account. the rule applying would be debit the reciever, credit the giver
Sundry deposits are assorted deposits that you may have. They may include having a checking and a savings account.
personal a/c
Sundry Credits represent items/transactions which cannot be classified immediately under any credit account.
If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtor. Sundry Debtor is simply called as account recievable i.e for retailer is customer, for wholesaler is retailer.
Sundry Debtors
You may have a category of sundry, or miscellaneous, creditors on the books for occasional or small vendor relationships, rather than setting up a separate vendor account for these infrequent. If we provide some services to the vendors they are paying for our services therfore the person who are paying us becomes our sundry debtors.
I have read somewhere that Bank can open only two accounts to credit miscellaneous items like sundry deposit account. Can anybody give me the relevant clause/law applicable in India to muralivanmelil@gmail.com
You may have a category of sundry, or miscellaneous, creditors on the books for occasional or small vendor relationships, rather than setting up a separate vendor account for these infrequent...If we provide some services to the vendors they are paying for our services therefore the person who are paying us becomes our sundry debtorssundry creditor shows credit balance.
sundry creditor capital account fixed assest bank account profit and loss
Those who are members of a Cooperative Society was told that unclaimed dividened of their savings during the annual AGM will classify as Sundry Creditors and shall not be allowed to accumulate the dividened out into their account. Is this the right term to use?