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Difference between Trade payable and expenses Payable

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(Querist)
20 December 2021 What is difference between Trade payable and Expenses Payable while making Balance sheet as per schedule VI of Balance sheet.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
21 December 2021 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.
Expenses payable related to money company owes to service providers.
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Daya

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Daya (Querist)
21 December 2021 Thanks sir, To Prompt reply.
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