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Answer Posted / chandu
yes sir, accounts payble means nothing but sundry creditors,
sundry creditors includes creditors and trade creditors.
the term accounts payable use in balance sheet at liability
but not individual.
account payable means to whom we have to pay money.
In india use sundry creditors and other countries use
accounts payable like US and UK.
| Is This Answer Correct ? | 3 Yes | 1 No |
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