Trade Payable ( Sundry Creditors)

This query is : Resolved 
Quick Summary
This discussion addresses the classification of trade payables, also known as sundry creditors. The question is whether to list creditors outstanding for over two years under non-current liabilities, while those under one year fall under current liabilities. The advice provided is to show all trade payables under current liabilities.

Profile Image

Profile Image

(Querist)
15 March 2023 Dear Sir

We have Some Creditors more then 2 years and some creditors in less then 1 year so we have to show under Current Liability or Non Current Liability
please suggest
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
15 March 2023 Show it under current liabilities.
Profile Image

Nisha Kathuria

Profile Image

Nisha Kathuria (Querist)
16 March 2023 Thank you very much Sir
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries


Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Pro Member venkanna settyvenkanna settyPro Member THUSHAR MURALI KRISHNATHUSHAR MURALI KRISHNAPro Member ANUPAMA L KANTANUPAMA L KANTPro Member Mohinder GoelMohinder GoelPro Member SUBASH CHANDRA BOSESUBASH CHANDRA BOSE
Subscribe to Pro
Join an elite circle of professionals



Answer Query



Quick Links



Browse by Category