Can we classify Salary payable as Trade payable while preparing the financial statements
V P Narasimhan
(Accounts Manager)
(791 Points)
Replied 18 April 2016
Though both or currentr liabilities only Sundry Creditors comes under Trade Payable whereas Salary due can be classifiede under Salary Payable
Salman PS
(STUDENT)
(72 Points)
Replied 18 April 2016
then where we need to group while preparing financial statement
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