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Jul 21, 2022 · Sundry creditor is a person who is responsible for the supplies of the goods or services to another business firm on credit basis. Let’s understand the meaning & example of sundry creditors.
Meaning. Creditors are individuals or companies to whom you owe money for goods or services purchased on credit. A group of such individuals or entities is called Sundry Creditors. They may also be referred to as accounts payable or trade payables. Sundry means “various” or “several”.
A sundry creditor is a person or business giving goods to another company in credit. Click here to get a detailed analysis of sundry creditors and their examples.
Oct 22, 2021 · What is sundry creditor? Sundry creditors are people from whom a person gets goods or services on a credit basis. They are also the businesses or clients to whom a business owes money because of the credit facilities availed in the goods or services in the business's furtherance.
Sundry creditors, also known as accounts payable, represent the amounts owed by a company to its suppliers or vendors for goods or services received on credit. These creditors can include suppliers, contractors, or any other party that provides goods or services to the company on credit terms.
Jun 12, 2023 · What is a sundry creditor? A sundry creditor is an individual or entity to whom a company owes money for goods or services received on credit. They are recorded as liabilities on the company's balance sheet and represent outstanding amounts that the company is obligated to pay.
Sundry creditors refer to the individuals or entities to whom a business owes money for goods or services received on credit. These creditors are a crucial aspect of a company's financial dealings, representing the outstanding payments that the business needs to settle in the near future.
