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What are Trade Creditors Definition and Role Trade creditors are suppliers or vendors who provide goods or services to a company on credit. Instead of paying for these goods or services upfront, the company agrees to settle the payment at a later date, typically within a specified period such as 30, 60, or 90 days. The arrangement allows businesses to receive essential inputs without needing immediate cash outflow. In accounting terms, trade creditors are considered current liabilities. This means the company has a short-term obligation to settle the debt, typically within a year. Trade creditors are listed on the balance…