UK Accounting Glossary
Persons who supply goods or services to a business in the normal course of trade and allow a period of credit before payment must be made.
A trade creditor is a supplier who has sent your business goods, or supplied it with services, who you haven’t yet paid.
The amount that goes on your business’s balance sheet for trade creditors is the sum of all its unpaid invoices from suppliers, as at that point in time.
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This glossary post was last updated: 23rd December 2018.