The term “sundry creditors” has been replaced with the term .
A
trade receivables
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
trade payables
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
C
secured loan
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
unsecured loan
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution
The correct option is B trade payables Sundry creditor means, the amount payable against the purchase of goods and services are taken in the ordinary course of business. Both sundry creditor and trade payable are the same.