what is trade payable
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Trade payables constitute the money a company owes its vendors for inventory-related goods, such as business supplies or materials that are part of the inventory. Accounts payable include all of the company's short-term debts or obligations. pls follow me
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The trade payables may be payable in any course of a short time. Trade payables are a short term liability of the company and are placed under the current liabilities of the balance sheet of the company.
If the trade payable is not recognised in the entity’s financial statements, the entity should at least accrued the expenses the same with the trade payable that the entity will have to records.
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