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.
Suppliers who are owed payment for raw materials or a product’s component parts by the manufacturer. In business accounting applications, trade creditors and the amounts owed are listed in the company’s balance sheet as liabilities.
Current liabilities are normally settled from the amounts available in current assets. The main element of this is normally “trade creditors” – amounts owed by a business to its suppliers for goods and services supplied. A trade creditor is the opposite of a trade debtor.
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Definitions for Trade Creditors are sourced/syndicated from:
This glossary post was last updated: 23rd December 2018.