• Answer of this question

    What is sundry creditors?
    Davneet Singh's image
    Davneet Singh

    Hi Sagar

    Party to whom we have to pay some amount is called Sundry Creditor

    Example

    If we purchase goods of 100000 from A 

    We pass entry

    Purchase Dr

           To A

    in this case,A is a Sundry Creditor

     

    Sundry Creditor can be for expenses too

    Example

    Suppose we receive Telephone Bill from Airtel of 3000

    We pass entry

    Telephone Exp

           To Airtel

    In this case,Airtel is a Sundry Creditor


    Written on Jan. 11, 2017, 6:54 p.m.