Capital Creditors means liabilities and accruals for work done in relation to Capex Projects and Capex spend to the extent that they have not been paid prior to Closing; Capex Projects means, in relation to each Target Company and MBNL, the projects undertaken by that Target Company or MBNL to the extent that they ...
Where are creditors shown in balance sheet?
Debtors are shown as assets in the balance sheet under the current assets section, while creditors are shown as liabilities in the balance sheet under the current liabilities section.
What does creditors mean on a balance sheet?
In accounting terms, creditors are a 'liability'. This is an amount that you're liable for, and must pay as the result of a previous agreement. A creditor might show on the company's balance sheet as a current liability (due for payment within a year), or a long term liability (due after a year or more).
Is creditors an asset or equity?
Total Capital refers to the total equity or ownership of banks. It is the sum of capital stock, retained earnings and undivided profits, other comprehensive income, appraisal increment reserves, and other capital accounts.