Trade Payables Explained

In this lesson, we dive deep into Trade Payables (Accounts payables), breaking down everything you need to know about this crucial part of accounting. You'll learn:
✅ What are Trade Payables? A simple yet powerful explanation of amounts owed to suppliers for credit purchases.
✅ Where Are They Recorded? See how trade payables appear in the Statement of Financial Position as current liabilities.
✅ Impact on Cash Flows: Understand how increases and decreases in trade payables affect the Statement of Cash Flows under operating activities.
✅ Subsidiary Books & Ledgers: Learn how trade payables are tracked using the Purchases Journal, Purchases Returns Journal, and the Trade Payables Ledger.
✅ Key Disclosures: Explore how trade payables are disclosed in financial statements and their role in analyzing a company’s liquidity.
Whether you're an accounting student, professional, or entrepreneur, this lesson equips you with practical insights into managing and understanding trade payables. Don’t miss out!
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[@Khadijartyu]

very helpful thanking you

[@Counttuts]

Happy to help

[@Khadijartyu]

Please can you help explain to me with current liabilities and payroll accounting and also accounting for receivables