Trade payable - urgent

This query is : Resolved

Querist : Anonymous

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

Amol S Joglekar

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

Querist : Anonymous

Querist : Anonymous (Querist)

22 August 2012 it means in my case all are trade payable

Amol S Joglekar

Amol S Joglekar (Expert)
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22 August 2012 yes, sundry creditors are trade payable.

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