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sundry creditors and sundry debtors

Others 8228 views 3 replies

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

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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