Examples of Trade Payables in a sentence
Trade Payables are recognized for amounts to be paid for goods or services acquired in the ordinary course of the business whether billed by the supplier/service provided or not.
This is calculated as the difference between Trade Receivables, Inventories, Contract Work in Progress, Other Current Assets and Trade Payables, Tax liabilities, Other Current Liabilities.
Some balances of Trade Payables , Advances and Trade Receivables are subject to their Confirmation.
The Company is classifying the following under amortized cost:- Borrowing from Banks- Borrowing from Others- Trade Payables- Other Financial LiabilitiesAmortized cost for financial liabilities represents amount at which financial liability is measured at initial recognition minus the principal repayments, plus or minus cumulative amortization using the effective interest method of any differences between the initial amount and maturity amount.
Trade and Other Payables accounted for Trade Payables, Payables to Related Parties, Accrued Expenses, and Payable to the Department of Energy and other government units.