Debit balance of all personal accounts are collectively called
A)Sundry creditors
B)Sundry debtors
C)Personal account balance
D)Total of personal accounts

Question

Quizplus · Accepted Answer

Sundry debtors represent the total amount owed to the business by its customers or clients for goods sold or services rendered on credit. It is a common term used in accounting to describe the aggregate of all individual debtor balances or personal accounts with a debit balance.

Debit Balance of All Personal Accounts Are Collectively Called