Are suppliers creditors or debtors?

380 viewsMarch 29, 2021Accounting

0

Wunderlich December 2, 2012 0 Comments

I have a T account and it says Suppliers.Would you include it in the creditors or in the debtors? Is it current or non current?

1 Answer

0

Washington 10 Posted December 2, 2012 0 Comments

Supplies are creditors. Remember that creditors are balances that you owe to third parties. When you make credit purchases, you have a liability.

error: Content is protected !!