can any one help me for finding out a sundry creditors and sundry debtors for projected balance sheet. I want to make a projected balance sheet how i get the sundry credtors and sundry debtors.please advise me
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sundry creditors and sundry debtors
Replies (3)
sundry debtors is a current asset component and creditors is a current liab component and varies with the nature of the organization
With the help of debtors & Creditors Velocity ratios Of previous years.
Projected Sundry Debtors - Projected Aggregate Credit Sales / 360 * Average Credit period allowed to Debtors
Projected Sundry Creditors - Projected Aggregate Credit Purchase /360 * Average Credit period allowed by Credtiors
Obtain details about average Credit period in both cases from the client and compare it with previous year's financial statements
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