What are Trade Creditors?
Trade creditors are the accounts you have to pay. Trade creditors is often also referred to as Trade Payables.
FAQ
Is a Trade creditor an asset or liability?
A trade creditor is a liability because the company owes this money to a creditor/supplier from whom they purchased.
What is the difference between a trade creditor and a trade debtor?
A trade creditor is liability meaning the company owes the trade creditor. A trade debtor on the other hand is an asset a good example are the client to whom sales invoices are made out to.
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