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what is differance between creditors & expenses for
creditors?
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Answer Posted / sweety
creditor is a liability for the firm which firm has to pay
in future at a particular point of time. and expenses for
creditors is the expenses which we are occuring before we
pay the liability. for eg. if we have heir a car for 2 yrs.
So now for 2 yrs we are using this car and expense we are
occuring in maintaining it is expenses for creditors.
| Is This Answer Correct ? | 29 Yes | 11 No |
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