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Forums
Creditors

Creditors

johnny-b-bad

Example balance sheet's creditors:
- Credit card - £1,500
- Supplier A - £500
- Supplier B - £900
- Supplier C - (£300)

Is that possible? Can you have a negative creditor and if so, what does that mean?

Reply 1

Illusionary

A negative 'creditor' is just going to be a debtor, but it could be included within creditors if that's the usual relationship with the supplier. Possibly there's been a credit note/refund for something?

Reply 2

johnny-b-bad

That's what I thought. Thanks.

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