Financial statements Balance sheet

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Preet Bhati (Querist)
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05 March 2024 "Creditors for expenses" will appear under which head and sub head of balance sheet?
Will it be under sub head of "trade payable" or sub head of "Other current liabilities"

CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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05 March 2024 Show it in trade payable

Preet Bhati

Preet Bhati (Querist)
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05 March 2024 Thank you so much 🙏🏻🙏🏻

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CA Rashmi Gandhi

CA Rashmi Gandhi (Expert)
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05 March 2024 Welcome 🤗🤗🤗

Aashok Kumar Sharma online

Aashok Kumar Sharma online

(Expert)
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16 August 2025 Please note that accrued liabilities (e.g., for utilities, salaries, or professional fees where invoices are pending) must not be shown under Trade Payables. Instead, book them under Other Current Liabilities – Accrued Expenses to ensure proper classification and completeness of the balance sheet.

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