answersLogoWhite

Top Answer
User Avatar
Wiki User
Answered 2014-11-20 03:35:30

Trade creditors are suppliers who Êare allow by a Êbusiness to acquire products , and receive the payment for those products on a later date. On the other hand, trade debtors are Êpeople or organisations or are allowed to buy products from a business and make payment on a later date

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0
User Avatar

Your Answer

Still Have Questions?

Related Questions

What is the difference between trade debtors and sundry debtors?

The difference between trade debtors and sundry debtors is trade debtors are specific debts like credit cards. Sundry debtors are a wide variety of debtors that can be from any source.


What are the differences between trade debtors and sundry debtors?

sundry means "various". Sundry debtors means various debtors which not only include credit sales, but also include all other debtors(related to financial and other debt). So Trade debtors was part of sundry debtors. ok


Difference between trade creditors and other creditors?

A trade creditor is usually someone who supplies you with core products. For example if you are a builder then your trade creditors supply your building materials, fuel for you truck, tools, etc. A sundry creditor is the company that supplies other items like the water cooler in the office, or the company that sold you the window blinds.


What is a trade debtors?

Trade Debtors are current assets they are usually meant for the goods


What is the difference between trade receivables and creditors?

Trade receivable is that amount which is receivable from customers to whom company sold goods on credit while credits are those from whom company purchased goods on credit.


What are trade debtors?

Trade Debtors or Sundary debtors or accounts receivable is the person(s) to whom you sold goods on credit and agreed to receive payment in future.


Difference between provision for doubtful debt and bad debt?

Bad debts is a sure loss, irrecoverable on a given date and is written off from the trade debtors. an over aged debtors usually turn out to be bad debtors. provision for doubtful debts is created based on estimation that the certain percentage of debtors may turn out to be doubtful debts. a percentage is worked out based on the debtor's collection period and general economic environment.


What is trade creditors?

Trade creditors are the person's who lend for business or stock market. There are also weekly and daily loans in India.


What is the difference between international trade and world trade?

these are the same


What is the difference between Free trade and protection from trade?

the answer is banana


Do you include trade debtors net of GST?

yes


What is the difference between fair trade and unfair trade products?

d


What is the difference between international trade and foreign trade?

There is no difference between international trade and foreign trade. Both terms refer to the import and export of goods, services, and capitals across international borders.


Are trade debtors tangible assets?

Trade debtors are persons or organizations who allows others to buy items or goods with credit and to receive payment for such goods at a later date, and tangible assets include both fixed assets and current assets. The items or goods are the assets, not the trade debtors.


What are Trade Creditors?

person(s) to whom you bought goods on credit and who will invoice you trade creditors is therefore a liability (money that you owe to someone)


What is the difference between international trade and external trade?

International trade is trade between two or more countries, while external is a trade in another country.


Difference between international trade and local trade?

International trade is trade between people or businesses in different countries. Local trade is trade between businesses and individuals in the same local area.


What is the difference between a single trade discount and trade discount series?

What is the difference between a single trade discount and trade discount series? In: http://wiki.answers.com/Q/FAQ/2547-72 [Edit categories]


16 In what circumstances would a non trade debtors control account be used?

i would like to know in what circumstances would a non trade debtors control account be used?


Difference between trade deficit and trade surplus?

trade deficit:negative balance of trade trade surplus: positive balance of trade


Is a trade debtors asset or liability?

yes It is an Asset, not a Liability.


Difference between bileteral trade and multilateral trade?

one is multilateral one is bilateral


Are trade debtors added in inventory or not?

Trade Debtors form part of working capital - they are an asset on the balance sheet, but are NOT part of inventory. Trade debtors represent the amount owed by customers to a business for goods/services sold on credit (i.e.not sold for cash). Inventory usually represents a business's stock (also part of working capital) - there are normally 3 sub-categories of inventory, being Raw Materials, Work-in-Progress (or part-finished goods) and Finished Goods (i.e. goods ready to sell / deliver to customers). The other element of Working capital is Payables (or Creditors), which are amounts owed by the company to others, typically suppliers. Working Capital = Debtors + Inventory - Payables


Difference between international trade and domestic trade?

International is between this country and another. Domestic is only within this country.


Is trade debtors a debit or credit transaction on the trial balance?

credit


Still have questions?