Sundry Creditor

A person who gives goods or services to the business in credit or does not receive the payment immediately from the business and is liable to receive the payment from the business in future is called a Sundry Creditor.

Businesses use an account to track these transactions and they are called as Sundry Creditor account or Accounts Payable.

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Related Terms

• Sales Order
• Single Entry System
• Sundry Debtor
• Sundry Creditor
• Statement of Accounts
• Stock
• Suspense Account