WebDec 4, 2011 · When a business firm supplies the goods or provides the services to its customer on credit basis then those customers are called as sundry debtors. These … WebMar 30, 2024 · Accounts receivable refers to the amount that a company is entitled to receive from its customers for goods or services sold on credit. In other words, it is the amount that your customer owes you with respect to contractual obligations. Accounts receivables are also known as debtors, trade debtors, bills receivables or trade receivables.

Accounting for Retention Receivable & Payable: A Contractor

WebMay 31, 2024 · Accounts receivables refer to money customers owe businesses for products they already used or services they already benefited from. There is no fixed timetable for paying back accounts... http://www.letslearnaccounting.com/sundry-debtors/ family rehab taylor mi

Gross accounts receivable definition — AccountingTools

WebSundry income can be quite trivial or less as compared to the income generated from normal business activities, but that does not mean that the amount is inconsequential. There is no limit to the Sundry Invoice amount, as the characteristic of Sundry income is the irregularity of the income, not the amount generated. WebSundry Expenses are a regular business expense line item found in the Income Statement of all organization. Its purpose is to club together all irregular, infrequent, and random nature … WebSold Receivable means a Receivable that was more than 60 days delinquent and was sold to an unaffiliated third party by the Issuer, at the Servicer’s direction, as of the close of business on the last day of a Collection Period and in accordance with … cooling cloth for hot weather