Trade payable - urgent

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2012 We are service providers in Events Management and purchase some consumable items & also paid for hiring of some furniture items, & transporter for carriage.

Now these are trade payable or other current liabilities as per new Schedule VI, please

And if i get repaired computer (Credit basis)then it will be treated Trade payable or other current liabilities

22 August 2012 trade payable and trade receivable are the NEW words for sundry creditors and sundry debtors. (Thanks to IFRS)

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 August 2012 it means in my case all are trade payable

22 August 2012 yes, sundry creditors are trade payable.


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