Differentiate between a sundry debtor and a debtor?
im not too sure about their difference. i know sundry debtors are somewhat insignificant and aren't given their own individual accounts but are grouped together. i still don't understand it very well... explaination please
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- A trade debtor arises from sales made to him. He is a customer of the co. A sundry debtor arises from other transactions, for e.g. staff who borrow loans from the co. or who are given advances are sundry debtors. He can also be someone whom the co. sold a fixed asset to.
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