Sundry Expenses:These are miscellaneous expenses incurred by the company daily and form a part of the cost structure. Advantages Below are some of the advantages. It helps the company to run its business operations smoothly since all the direct andindirect costsneed to be paid on a timely basis...
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.
The entertainment of visitors falls under the heading of miscellaneous expenditure. wǒ men bǎo liú yī bǐ qián yǐ zhī fù zá fèi 我们保留一笔钱以支付杂费。 We hold back a sum to cover incidental expenses. 2 n.extras; sundry charges tā fù le hái zi de xué zá fèi 她付了...
to the export port specified in the sales contract. The seller will take care of the expenses about the costs, insurance, and freight of the goods, and as soon as the buyer receives the goods, the responsibility will pass on to the buyer. The seller will be relieved of this ...
Sundry Creditors Outstanding Expenses Short-Term Loans and Advances Bank Overdraft / Cash Credit Provision for Taxation Proposed Dividend Unclaimed Dividend Keep readingLIQUIDITY RATIOSfor learning about its other types. Current Ratio Calculator Interpretation of Current Ratio ...
To Sundry Debtors A/c. (XYZ Ltd.) $1000 This entry eliminates the bad debt amount of $1000 from the provision and is actuallycharged to the defaulting party a/c. There is no further impact on the Income and Expenditure statement. In the Balance Sheet, the provision for bad debts will...
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Receivables include Sundry debtors and Trade bills receivables. Both are related to the revenue earning process of the enterprise and may be defined as claims of the enterprise to the outsiders for future receipts of cash resulting from the sale of goods or ...
2. Sundry Debtors (net of provision) ADVERTISEMENTS: 3. Short-term investment or marketable securities 4. Short-term loans and advances 5. Bills receivable or accounts receivable 6. Pre-paid expenses 7. Accrued Income 8. Cash in hand and bank balances. ...
The effect of this error will be that the figure of sundry debtors will be reduced by $ 900, and the total of the debit side of the trial balance will be $ 900 less than the credit balance. Entering an amount to the wrong side of the ledger statement –For example, that $ 10 ...