The term "Sundry" usually refers Small or infrequent customers/companies that are not assigned individual ledger accounts but are classified as a group.

Sundry debtors are such small entities that owe the company money.
Sundry creditors are such small entities that the company owes money to.

hi nagalakshmi! I would just like to add some more info here.

now that Dezyre have defined exactly what sundry debtors and creditors are, let's view this from a practical perspective.

sundry debtors and creditors Groups in Tally ERP 9 have been programmed to behave just the same for small debtors/creditors (i.e. sundry) and for large debtors/creditors (those parties who are big enough to be assigned individual accounts). both these groups are sub-groups of current assets as you must be knowing (create a ledger for sundry debtors and you will see that when you select sundry debtors it will show current assets with it as main group).

so that means that you can group all large and small parties under sundry debtors and creditors. if they are parties who don't use bills/invoices but for e.g. just keep your running balance record with them (like some small stores do) you can in tally set the 'Maintain Bill-by-Bill' option to NO for these kind of parties. For other parties you can set this option to YES.

Also if you like accuracy in description (as all accountants do) you can rename the Sundry Debtors/Creditors Group to Trade Debtors/Creditors and create another Sundry Debtors/Creditors Group using Sundry Debtors/Creditors as its name. This group you can use for parties with whom small and infrequent purchases are made and with whom you don't exchange a lot of documentation.

I have divided my Debtors and Creditors into Trade and Non-Trade for easy identification of transaction types. Trade group includes those from whom we purchase or make sales of our raw materials and products. Non-Trade are those from who we purchase or sale things that we don't use in our business trade e.g. office supplies, stationery, office pantry stocks etc.

Hope this helps. If you need further help do let me know. Cheers!

a correction here (in my last reply):

sundry debtors falls under current assets
sundry creditors under current liabilities

Sundry debtors

An account for individuals or businesses who owe money to a company and whose information and accounts are recorded.

Sundry creditors

A business or an individual to whom there is money owed.

my company maintain four variety of Debtor's / Creditor's in previous software
but it is possible in tally 9

it actually publishing business
they maintain
like
Debtors/creditors for book
Debtors/creditors for printing
debtors/creditors for binding

pl. help me or suggest me

hello roy_bapi2003!

to achieve your objective in Tally.ERP 9 you need to create Account Groups under Sundry Debtors/Creditors. Here is how you will do this :

From GWoT > Masters > Accounts Info > Groups > Multiple Groups > Create > (select Sundry Debtors from drop-down menu in the filed 'Under Group') > Press Enter >(then in the field 'Name of Group' type all the Debtor Groups you want to create for e.g Debtors (Books), Debtors (Printing), Debtors (Binding) ) > (after you have made all these Groups) Press Enter to Accept the screen.

Repeat the above process for the Creditor Groups you wish to create.

Then from GWoT > Masters > Accounts Info > Ledgers > Multiple Ledgers > Create > (select the Group 'Debtors (Books)' in the 'Under Group' field and create the Ledgers you need e.g Ravi Prakash & Company and so on.

Repeat the same process as above for Creditor Groups that you have created.

that's it! sit back, relax with your cup of coffee and if you want to ask more questions keep them coming :)

regards
Muhammad Suhaib

can someone give me the best example for sundry creditor and sundry debtor

Ram give five ru. to Shyam.

In this statement who is Creditor and who is debitor

your company name abc
ram is your supplier - means your creditor, ( liability )
shyam is your purchaser - means your debtor ( assets )

ex. ram is sundry creditor and shyam is sundry creditor for your company

Ram goes to laundry on sunday so ram is sundry debitor

Syam does not go to laundry on sunday so syam is sundry creditor

RAM IS GIVING MONEY SO IS IS THE PURCHASER SO RAM IS S.CREDITOR AND SYAM IS SELLING SMTHING AGAINST WHOM HE IS RECEIVING MONEY SO SYAM IS S.DEBTORS

what if reserve for sundry debtors5% is given is given in adjustments

Giver is sundry creditor ,receiver is sundry debitor

such as :- BINI purchases fan from akhandalamani electricals

here Bini is the sundry debitor and akhandalamani is the sundry creditor.

How can adjust payment received as partial cash and bank deposit in tally erp 9

How adjust credit note received from supplier with bill settlement in tally erp9

Hi, i work for company X which pays me by bank tansfer, recently i went to my bank to check on my banking statement and i found that my account is usually debited by a sundry creditor, my question is why would the company i work for fail to reflect by its name instead reflect as a sundry creditor?

Kindly assist.

Elizah

 

you are a passenger stopped at SECUNDERABAD railway station to pjrchase a book worth of 100rupees. but you have only 95rupees at hand and a debit card. tge seller has no card machine with him to take full amount  so the seller takes rupees 95and asks you to give later. the seller writes 95cash in, and Rs5 against sundry debtor  

Drowning