What is the meaning of the sendry creditors for capital good

Originally posted by : Rosohni
	What is the meaning of sundry creditors for trading goods & sundry creditors for others

Sundry creditors for goods and services is the amount that a company owes to vendors for products and services purchased by it on credit. This is a current liability as the expectation is that the due payments would be made by the company in less than a year. We distinguish sundry creditors for goods and services from those for capital goods.

Sundry Creditos for Others (like for expenses, loans, capital goods)

Eg: Expenses yet to be paid like outstanding salaries, wages, rent etc. For loans like, bank loan, bank overdraft. For Capital Goods like fixed assets.
 

Hi Deepak

Thanks for clarifying.

How would you show Sundry Creditors for others under Balance Sheet.

Current Liablity or Non Currrent Liability

Sundry Creditors is treated as a Current Liablity under Balance sheet....!