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P12 Trade creditors

Last updated 24 October 2011

Did you have any trade creditors?

No

Go to P13 Total salary and wage expenses.

Yes

Read on.

You need to know

This is the total amount owed by the business at the end of the year for goods and services received during the income year, that is, current trade and other creditors.

Completing this item

Step 1 Work out the total amount owing to trade and other creditors. If you have more than one business, add up all trade and other creditor amounts.

Step 2 Write the total at F item P12 on page 4 of your schedule. Do not show cents.

QC27987