I am electrical labour contractor.
My CA shown sundry debtors in assets.
pls tell me meaning of sundry debtors in simple language.
My confusions
1)Means should I pay or
2 I will get That money
Menu
sundry debtors
Replies (3)
u will get that money..
To whom you sell are sundry debtors
debtors means you will get that money
in simple language if you sell any good on credit(i.e on future payment of cash), for that future receipt you will record as debtor in your books as of now...
since it is a receivable it will be shown under the head current assets as trade receivables..
in simple language if you sell any good on credit(i.e on future payment of cash), for that future receipt you will record as debtor in your books as of now...
since it is a receivable it will be shown under the head current assets as trade receivables..
Recent Threads
- BOE not reflacting on IDPMS
- TDS On Property - Income Tax Notice
- High Value Transaction - FY 24-25
- ITR e-verified but not under processing for 5 mont
- Loan from NRI to OCI card holder
- Buy back of capital goods
- Foreign professional income.
- RCM Paid by NBFC
- TDS not deposited by the deductor
- Assessmet Procedure us 147
Related Threads
CAclubindia
