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.
Explain Sundry Debtors and Sundry Creditors. sundry debtors is nothing but a person who received service and goods from us,therefore he has to pay the service and good received from us. sundry creditor is a person whom we received service and good from them, we have to pay for them.