Sundry Debtors in Accounting

Sundry Debtors:

Obviously, sundry debtors are the most common terms used in the accounting realm. 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.

Here is the line of difference between Sundry Debtors and Sundry Creditors.

MeaningDebtors are the parties who owes debt towards the company.Creditors are the parties to whom the company owes a debt.
What is it?It is an account receivable.It is an account payable.
DiscountAllowed to debtors.Received from creditors.
Derived fromTerm ‘debere’ of Latin language which means ‘to owe’.Term ‘creditum’ of Latin language which means ‘to loan’.
Provision for doubtful debtsCreated on debtorsNot created on creditors.

Go to Gateway of Tally → Accounts info → Ledgers → Create

To see the outstanding document of Sundry Debtors follow these steps.

Go to Pending documents → Under outstanding → Receivables → Press Alt+X → View Exceptions → Select Sundry creditors with a debit balance

Leave a Reply

Your email address will not be published. Required fields are marked *