What is meant by the term 'trade creditor'?
Question:
What is meant by the term 'trade creditor'?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
A trade creditor refers to a business or individual to whom another business owes money for goods or services that have been supplied on credit In oth...View the full answer
Answered By
Deepak Sharma
0.00
0 Reviews
10+ Question Solved
Related Book For
Cambridge International AS And A Level Accounting
ISBN: 9781444181432
1st Edition
Authors: Ian Harrison
Question Posted:
Students also viewed these Business questions
-
What is meant by the term trade dress?
-
What is meant by the term inventoriable product costs? What is meant by the term period costs? Why does it matter whether a cost is an inventoriable product cost or a period cost?
-
What is meant by the term quality? In defining quality, from what two perspectives can a definition be formulated? Why are both important?
-
A puck on a horizontal, frictionless surface is attached to a string that passes through a hole in the surface, as shown in FIGURE 11-52. As the puck rotates about the hole, the string is pulled...
-
The financial statements of P&G are presented in Appendix 5B. The companys complete annual report, including the notes to the financial statements, can be accessed at the books companion website,...
-
Australian bauxite ore is shipped 3,000 kilometers to New Zealand in a bulk cargo ship. The ship carries 300,000 metric tonnes of ore and consumers 1,400,000 liters of fuel oil on the journey. Fuel...
-
Wire \(1,3.0 \mathrm{~m}\) long and of linear mass density \(0.010 \mathrm{~kg} / \mathrm{m}\), is initially held in place and carries \(10 \mathrm{~A}\) of current to the right. Very long wire 2 is...
-
(Corrected Trial Balance) The trial balance of Blues Traveler Corporation does not balance. An examination of the ledger shows these errors. 1. Cash received from a customer on account was recorded...
-
18 years ago, I purchased 185 shares of a stock worth $14.25 per share. There was a 2:1 split, a 4:1 split, and a 3:1 split during that time period. Today the stock is worth $1.53 per share. If the...
-
What is meant by the term 'trade receivables'?
-
Give an example of a liability typically found on the statement of financial position for a restaurant.
-
Solve each equation. 8z3+2=0
-
After leaving the pub for a drink at midnight Peter rushed to the toilet located at the rear of a neighboring premises. He had to climb a 1.5 m high fence to get to the toilet which was disused. When...
-
Sony manufacturers the Walkman, a mobile tape player that provides "a new way to enjoy music in high quality anywhere at any time." Sony uses a job order costing system and allocates actual...
-
X The function h is defined as h(x)=4-x2 x ln x, x>1 jh(x) Show that h(x) dx = 4ln 2- -1 15 16
-
Suppose that Disney is considering one more Toy Story movie. The company is not confident in box office sales, but they do believe that the file will create merchandising opportunities (DVDs, toys,...
-
3. Give two examples from the movie of each type of stroke. Explain your thinking for each and identify the impact of each example on the relationships in the movie. (8 marks) 4. Identify characters...
-
Construct the graph that is most effective in depicting the religious affiliations of members of Congress. The members of Congress have these religious affiliations: Catholic (156), Jewish (39),...
-
Hotel Majestic is interested in estimating fixed and variable costs so that the company can make more accurate projections of costs and profit. The hotel is in a resort area that is particularly busy...
-
What is the name given to a clubs capital account?
-
A business charges goods to its warehouse at factory cost plus 25%. It had no opening inventory and closing inventory at the end of year 1 was valued at a transfer price of $3000. At the end of year...
-
What are royalties and in which section of a manufacturing account would you find them?
-
How would you advise the HR manager to proceed in relation to the managing director?4. Are there any steps that the HR Manager should take to prevent such a situation arising again in the future? A...
-
There is a shopping centre of 24,000m of gross lettable area (GLA) located in a town of 250,000 inhabitants with basically no competition other than a small gallery anchored by a hypermarket and a...
-
What do the occ regulations on national bank chartering say about the issue addressed in the farmer's Deposit bank case-the reasonable assurance of the proposed bank's success and public convenience...
Study smarter with the SolutionInn App