Trade payables
This query is : Resolved
19 September 2013
We have a company in which production has not been started yet.where we should include the creditors for cement,bricks,creditors for making the foundation for machinery etc. according to sch vi(R)?whether it should be included in trade payable or in other creditors??
Nikhil Kaushik
(Expert)
23 September 2013
Dear Pankaj,
Kindly include such creditors in other creditors.
Trade payable normally refer to payables on account of credit sales.
Kindly include such creditors in other creditors.
Trade payable normally refer to payables on account of credit sales.
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