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What is the difference of Accounts Payable & Trade Payable?

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Question added by Zeeshan Ahmad , Accountant , Tech Petroleum LLC
Date Posted: 2014/10/24
KADHER NAVAS KHAN GHASI ABDUL KAREEM
by KADHER NAVAS KHAN GHASI ABDUL KAREEM , accountant , CONFIDENTIAL

Acc ounts payable: payable to creditors for supply of service or product and havind specific repayment agreement.

Trade cr payable - \\billed by the supplier rendering service or product after delivery

 

Ishak Eduwangal
by Ishak Eduwangal , Admin And accounts Coordinator , Ishan General Trading LLC

Accounts payable is the amount owned  by a company to its creditors where as Trade payable is the amount billed by the supplier to the company for the specific goods or services rendered 

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