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what is differance between creditors & expenses for
creditors?

Answer Posted / silo levels

You may have a category of sundry, or miscellaneous, creditors on the books for occasional or small vendor relationships, rather than setting up a separate vendor account for these infrequent relationships.


With today's computerized accounting, such an account is seldom used, since it is very quick and easy to add a new vendor or make inactive an unused one.

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