Trade payables means all payables ?
I have to calculate trade payable payment period for a given financial statement. In it they haven't given trade parables directly, instead there is a figure called “other liabilities”.
Other liabilities consist of -
- Policyholder Advance Payment
- Agency Commission Payable
- Government Levies Payable
- Reinsurance Creditors
- Other Creditors Including Accrued Expenses
- Outstanding Claims - Life Insurance.
When taking trade payable into consideration should I get the total of other liabilities or just "Other Creditors Including Accrued Expenses" ?
Please help