What is the IFRS term for creditors?

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1122610

2026-03-10 15:25

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In IFRS (International Financial Reporting Standards), the term for creditors is typically referred to as "liabilities." More specifically, they can be categorized as current liabilities or non-current liabilities, depending on their payment terms. Current liabilities are obligations due within one year, while non-current liabilities are due beyond one year.

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