• P12 Trade creditors

    Attention

    Warning:

    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    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.

    Last modified: 25 Oct 2011QC 27987