Distinguish the difference between Trade Creditor & Sundry Creditor?
A trade creditor is usually someone who supplies you with core products. For example if you are a builder then your trade creditors supply your building materials, fuel for you truck, tools, etc.
A sundry creditor is the company that supplies other items like the water cooler in the office, or the company that sold you the window blinds.
There isn't usually much difference between them until the company runs short on money at which time the trade creditors still get paid and the sundry creditors get asked to come pick up their water cooler.
Source(s):
Senior Financial Controller
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