N
Neha Maheshwari
Member
For trades payable it is written in the bracket Creditors. So this should be understood like the company has received cash from someone and is now a debtor . Since this is a liability its included in credit amount.
Or the other way ?
Creditors refers to the company or the one who has lent to the company ?
And interest on long term loans is the interest which will be received by the company later . Am i getting all these correct ?
Or the other way ?
Creditors refers to the company or the one who has lent to the company ?
And interest on long term loans is the interest which will be received by the company later . Am i getting all these correct ?