Question

total creditor account give the information about​

Answer 1

Answer:

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Answer 2

It gives information about the total liabilities.

• Creditors are the commodity sellers as well as money lenders.
• In the balance sheet, these commodities and amounts are then classified as current liabilities.
• The creditor's account should be checked on a regular basis to ensure that no incorrect credits have been made to any parties. At no point in time can there be a debit balance, and all liabilities must be represented.