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difference between Trade payables and Other Current Liabilities


S Aishwarya   18 May 2019

S Aishwarya

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What is the difference between Trade payables and Other Current Liability?

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avater

Pratik Surve (ACCOUNTS EXECUTIVE)     18 May 2019

Pratik Surve
ACCOUNTS EXECUTIVE 
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trade payable includes all creditors and bill playable and other C L includes o/s exp

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S Aishwarya   18 May 2019

S Aishwarya

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thank you

avater

Giridhar S Karandikar (Team Lead)     18 May 2019

Giridhar S Karandikar
Team Lead 
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trade payable means the creditior to whom we owe payment for the goods purchased on credit for carrying on business vwhereas other current liability means those credors to whom we owe money other than goods such as bank loan creditors for stationery etc..

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