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Management of Sundry Debtors:
SUNDRY - Miscellaneous infrequent or small customers that are not given individual ledger accounts but are classified as a group.
SUNDRY CREDITORS - defines to companies or individuals to which money is owed.
SUNDRY DEBTOR - is an entity from who amounts are due for services rendered or goods sold or in respect of contractual obligations. Also defined: debtor, account receivable and trade debtor.
Alternative summarised version of tests of controls · Segregation of duty (staff records are separate from wages department) · Documentation ( written evidence ) ·
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Can some one tell me how to calculate payback period and which formula i used to calculated payback period? Explain!!!!
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