Creditor - Accounting Classification

Accounting Classification

In accounting presentation, creditors are to be broken down into 'amounts falling due within one year' or 'amounts falling due after more than one year'...

The financial statements presentation is this:

  • Long-term liabilities
  • Current liabilities
    • 'Current creditors'

Read more about this topic:  Creditor

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    I, who am king of the matter I treat, and who owe an accounting for it to no one, do not for all that believe myself in all I write. I often hazard sallies of my mind which I mistrust.
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