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What does it mean if you see an increase in trade creditors from the previous year on the balance sheet?
Wiki User
∙ 11y ago
More use of cash for teh business.
Wiki User
∙ 11y ago
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Why creditors would be interested in the balance sheet of a business?
Creditors are interested in balance sheet to check that how much money company has already taken as a loan from other creditors and how much assets are pledged and will company be able to return credit or not.
Why there is an increase in receivable in a balance sheet?
Due to increased credit sales there is a chance of increase of accounts receivable in balance sheet.
What If the accounts payable account balance has increased on the trial balance sheet?
If the balance of accounts payable has increased on the final balance sheet, it means that the company has more creditors to pay and might be struggling with its finances.
How does closing stock effect the balance sheet?
closing stock will increase current assets in Balance sheet
What are creditors in balance sheet?
Creditors in a balance sheet, are the companies, people etc... that you owe money to. They could be utilites, materials purchased, or anything that you have not yet paid for, but have received. This is the opposite of Debtors - people that owe you money.
Which financial statement or statements would be of most interest to creditors?
Balance Sheet!!maybe some kind of balance that have deposite.and it current only...
How to treat Creditor in a balance sheet?
Creditors are the people which gives products on credit to business for payment in future, as it is liability of business so it is shown under current liability at liability side of balance sheet .
Where does wages due go in a balance sheet in business studies?
Wages due (also known as "Creditors for Wages"), is listed in the Balance Sheet under "Trade and other payables" which falls under Current Liabilities. Current Liabilities again is a sub section of the Liabilities section of the Balance Sheet.
How can you calculate percentage change per year on a balance sheet?
Subtract the previous year from the current year. Take that amount and divide by the previous year's amount. That will give you the percent. Example: Current assets 2010 550,000 2009 533,000 Increase of 17,000, percent increase is 3.2%
What is the Difference between account payable and sundry creditors?
Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which dont fall into the usual categories on the balance sheet.
In what profession may someone use a balance sheet?
A person in the profession of business finance will use a balance sheet. This area may include investment bankers, realtors, creditors, and other accounting positions within the world of business finance.
How do you calculate net income from balance sheet?
You can't ! it's a function of the Profit and Loss Statement. Income from previous years will appear on the balance sheet...but Net Income is a P&L Function.
