correct pauljbo
wasn't going to say a word till some one else worked it out:
Trade Creditors is a post in any companies Balance Sheet
It is composed out of a myriad of entries to are an ultimate liability
If you run a company just print off a Trial Balance or Balance from your accounting soft ware and you will see a figure that initially makes no sense
I've run companies that never "owed" anyone a cent - yet always had an amount in Trade Creditors that surprised me no end.
Anyways - should know more by I guess 7/8pm EDST ?
second strike, page-40
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