creditors meaning

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A D - Loving Life

A D - Loving Life (Querist)
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04 January 2009 Are trade creditors & creditors the same?

Thrissurkkaran Ishtan

Thrissurkkaran Ishtan (Expert)
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23 September 2010 Trade Creditors are the ones that arise during the course of business through sales.

All Trade creditors are creditors, but not all creditors are trade creditors.

If you have advanced money to some to someone he can become a creditor to you (to the extent of the amount you advanced)