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difference between Trade payables and Other Current Liabilities
What is the difference between Trade payables and Other Current Liability?
Replies (3)
trade payable includes all creditors and bill playable and other C L includes o/s exp
thank you
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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