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Definition of Trade payables - Finance dictionary
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Trade payables (See Chapter 4 of the Vernimmen)
Trade Payables are the amounts owed to trade suppliers and other suppliers, social Security and tax Payables, prepayments by customers and other similar non-financial commitments. See also accounts payable. Can simply be called Payables. They are called creditors in the UK.
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Trade payables (See Chapter 4 of the Vernimmen)
Trade Payables are the amounts owed to trade suppliers and other suppliers, social Security and tax Payables, prepayments by customers and other similar non-financial commitments. See also accounts payable. Can simply be called Payables. They are called creditors in the UK.
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