If a company is having sundry creditors for machinery purchased. Is it correct to show it under trade payables in balance sheet, as the above said creditors are not arised in the ordinary course of business.
If a company is having sundry creditors for machinery purchased. Is it correct to show it under trade payables in balance sheet, as the above said creditors are not arised in the ordinary course of business.
You can separately show it under the trade payables.
| Originally posted by : SAURABH NENE | ||
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You can separately show it under the trade payables. | |
Dear SAURABH NENE,
But i think trade payables are the one which arise while doing transactions like purchase of raw material or goods in the ordinary course of business. so is it right to show creditors for machinary under trade payables.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
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