Creditors on the balance sheet | AccountingWEB

Creditors on the balance sheet

how do i treat creditors from last year who have not or will not be paid this year on the balance sheet and P&L. where do the ones who will be paid in the next financial year go and what about creditors who do not require payment for any reason?


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WhichTyler |


penny |

Pass it back through the P&L

hertsaccountant |
hertsaccountant's picture

Don't forget to account for the Input VAT reversed

Democratus |
Democratus's picture