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Sundry Creditors is a 1953 novel by the British writer Nigel Balchin. [1] A Midlands engineering company is inherited from his elder brother by a ruthless businessmen who attempts to seize total control and alienates almost everybody he encounters.
The first party is called the creditor, which is the lender of property, service, or money. Creditors can be broadly divided into two categories: secured and unsecured. A secured creditor has a security or charge over some or all of the debtor's assets, to provide reassurance (thus to secure him) of ultimate repayment of the debt owed to him ...
The convention of disclosure requires that all material facts must be disclosed in the financial statements.For example, in the case of sundry debtors, not only the total amount of sundry debtors should be disclosed, but also the amount of good and secured debtors, the amount of good but unsecured debtors and amount of doubtful debts should be stated.
Other critically acclaimed Balchin novels include A Sort of Traitors, Sundry Creditors, The Fall of the Sparrow and Seen Dimly before Dawn. [ 19 ] As a screenwriter he worked on an early draft of Cleopatra but is principally remembered for The Man Who Never Was , for which he won the 1957 BAFTA Award for Best British Screenplay , and Mandy ...
The Marathi Wikipedia (Marathi: मराठी विकिपीडिया) is the Marathi language edition of Wikipedia, a free and publicly editable online encyclopedia, and was launched on 1 May 2003.
The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower. If X borrowed money from their bank, X is the debtor and the bank is the creditor. If X puts money in the bank, X is the creditor and the bank is the debtor. It is not a crime to fail to pay a debt.
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In other words, a set-off is the right of a debtor to balance mutual debts with a creditor. Any balance remaining due either of the parties is still owed, but the mutual debts have been set off. The power of net positions lies in reducing credit exposure , and also offers regulatory capital requirement and settlement advantages, which ...