As per schedule III of Companies Act, 2013 Sundry Debtors and Sundry Creditors have been replaced by the terms:
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Shift 25/05/2023 8:30 AM - 10:30 AM
A
Trade Debtors and Trade Creditors
B
Debtors and Creditors
C
Trade Receivables and Trade Payables
D
Sundry Receivables and Sundry Payables
Correct Answer
Trade Receivables and Trade Payables
Detailed Explanation
As per Schedule III of the Companies Act, 2013, the terms "Sundry Debtors" and "Sundry Creditors" have been replaced by the terms:
3. Trade Receivables and Trade Payables
So, the correct answer is option 3.
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