05 April 2016
What is the difference in classifying items as regards into " Sundry Creditors for Expenses " and "Expenses Payable". For example , I can show Mr.Abc labourer as Sundry creditor for Expenses and classify as trade payable OR Show as labour charges payable and classify as "Other Current Liabilities ". Thanks in advance. Warm Regards Raj C Doshi
CAclubindia
