What is the Difference Between Sundry Debtors and Sundry Creditors?

The main difference between sundry debtors and sundry creditors lies in their position in a company's balance sheet and the nature of the transactions they represent.

Sundry Debtors:

1. Sundry debtors are customers who owe money to a business after purchasing goods or services on credit.
2. They are considered assets on the balance sheet, as they represent money receivable from others.
3. Sundry debtors are also known as 'sundry receivables' or 'accounts receivable'.
4. They typically consist of small-scale customers who make infrequent credit purchases in small amounts.

Sundry Creditors:

1. Sundry creditors are suppliers or businesses to whom a company owes money after purchasing goods or services on credit.
2. They are considered liabilities on the balance sheet, as they represent an obligation to pay in the future.
3. Sundry creditors are also known as 'accounts payable'.
4. They usually consist of small-scale suppliers who provide goods or services on credit.

In summary, sundry debtors represent money owed to a business by its customers, while sundry creditors represent money owed by a business to its suppliers. Sundry debtors are considered assets, whereas sundry creditors are considered liabilities in a company's financial statements.

Comparative Table: Sundry Debtors vs Sundry Creditors

Here is a table comparing the differences between sundry debtors and sundry creditors:

In summary, sundry debtors are customers who owe money to the company for sales made on credit, while sundry creditors are suppliers who have sold goods to the company on credit. Sundry debtors are considered assets, and sundry creditors are considered liabilities in accounting.