Is there any difference between sundry creditors and trade payable?

Accounts payable are usually the suppliers to a company who are providing credit terms on purchases. Sundry creditors are any other creditors which don’t fall into the usual categories on the balance...account receivable- money coming in for profit account payable-money going out for a expense. Accounts payable refers to liabilities owed to creditors from whom you've made a purchase. Notes payable refer to liabilities owed to investors from whom you've borrowed money by issuing a debt...

Sundry creditors are the total number of creditors whereas the bills payable is a negotiable instrument.

 

Trade Payables are the obligations to pay for the services or goods that we receive and Sundry Creditors are those obligations other than services and goods like Interest Payables , Income Tax Payables etc

Trade payable,Accounts payable,Sundry creditors or like this other entries comes in the sense of Liabilities which you must be pay.

Trade payable are company's obligation to pay for the services, goods or other similar description that are incurred and utilized in the ordinary course of business and in the balance sheet that is usually termed as accounts payable.
While sundry creditors may be a trade creditors or not with small amounts of payable and too numerous to mention separately

Trade payable are obligations of the company to pay for the services or goods that are incurred in doing business but Sundry creditors are small trade creditors summarized in one ledger in a given period of time.

A trade creditor usually someone who supplies you with core products which you use to make product , A sundry creditor is the company that supplies other items like Water Dispencer ...etc

A trade creditor : is usually someone who supplies you with core products.
For example if you are a builder then your trade creditors supply your building materials, fuel for you truck, tools, etc.
A sundry creditor is the company that supplies other items like the water cooler in the office, or the company that sold you the window blinds.
There isn't usually much difference between them until the company runs short on money at which time the trade creditors still get paid and the sundry creditors get asked to come pick up their water cooler.

Trade payables refer to the amount to be paid to suppliers of materials in relation to the business  the company is engaged into. Sundry creditors refers to amount to be paid to all type of suppliers whether relating to trade or asset creation 

Trade Payable

 A trade payable is an amount billed to a company by its suppliers for goods delivered to or services consumed by the company in the ordinary course of business. These billed amounts, if paid on credit, are entered in the accounts payable module of a company's accounting software, after which they appear in the accounts payable aging report until they are paid. Any amounts owed to suppliers that are immediately paid in cash are not considered to be trade payables, since they are no longer a liability.

 

Sundry creditor

Any person who supplies the goods or services or consumable items to a business firm on credit basis, will be called as sundry creditor by the firm who avails this facility. The suppliers of various items relating to expenses on credit basis, are also called sundry creditors.

Sundry creditors are the liabilities of the firm because the firm is supposed to pay the outstanding amount in future as per terms and conditioned agreed upon by both the parties.

 

 

 

Account Payable is a Liabilty.

It includes Trade Payables(Creditors) and Sundry Payables(Creditors).

Trade Payables includes Suppliers(creditors) of goods and services needed in the regular Operations of the Organization.

Sundry Payables on the other hand includes Suppliers of goods and services that are required on ONE-TIME Basis without any expected reccurring transactions with the Organization.