Trade Payables definition
Examples of Trade Payables in a sentence
As such, disbursements for this line item have been included in Trade Payables.
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.
Borrower shall not incur, create, assume, allow to exist, become or be liable in any manner with respect to any other indebtedness or monetary obligations, except for the Indebtedness and Permitted Trade Payables.
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.
The financial statements are exclusive of GST except for Trade Payables and Trade Receivables which are GST inclusive.