Letter grading is a prevalent system. adjective. The definition of prevalent is widespread, well known or in general use. An example of prevalent is the use of a letter grading system in colleges. prevalent. prevalent.
Answer / saif. A debtor/Accounts receivable is a person who owes to money to the business as he has received some benefit from the business. A Creditor/Accounts Payable is a person to whome the business owes money as he has given some benefit to the business.
Answer / g. All those suppliers/parties to whom payment is still to be. made and which are kept in subsidiary ledgers are. collectively shown in one general ledger as Sundary. Creditors. sundry creditor is a person whom we received service and good from them, we have to pay for them.