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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
Who are Debtors & Creditors?
 Question Submitted By :: INTERQUESTION
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Who are Debtors & Creditors?
Answer
# 1
Debtors are the parties who has to owe to the organisation 
and creditors are those parties to whom we have to owe.
 
Is This Answer Correct ?    21 Yes 3 No
Anwar
 
  Re: Who are Debtors & Creditors?
Answer
# 2
from whom we purchase products are creditors for us
persons purchased from us are the debtors for us
 
Is This Answer Correct ?    18 Yes 4 No
Madhubala
[Private Concern]
 
 
 
  Re: Who are Debtors & Creditors?
Answer
# 3
Credit purchases done from concern party,individual or company is known as 
creditors and credit sales done to concern party , individual or company are 
known as debtors
 
Is This Answer Correct ?    8 Yes 0 No
Dimple
 
  Re: Who are Debtors & Creditors?
Answer
# 4
The person who purchase the commodities on credit base is 
called debtors and the person who sell the commodities on 
credit is called creditor.
 
Is This Answer Correct ?    11 Yes 2 No
Aleem
 
  Re: Who are Debtors & Creditors?
Answer
# 5
DEBITOR IS A PERSON WHO OWES MONEY TO BUSINESS AND CREDITOR 
IS A PERSON TO WHOM BUSINESS OWES MONEY.
 
Is This Answer Correct ?    10 Yes 0 No
Lakshmanreddy
 
  Re: Who are Debtors & Creditors?
Answer
# 6
HI,THIS IS LAKSHMAN PLS SOLVE MY PROBLE THAT I CON'T SPEAK 
FLUENT ENGLISH PLS SENT HOW to 
IMPROVE.reddy_lakshman86@yahoo.com
 
Is This Answer Correct ?    4 Yes 3 No
Lakshmana
 
  Re: Who are Debtors & Creditors?
Answer
# 7
debtor is a person who have to pay money to the business is 
called debtor

creditor is a person to whom the business have to pay the 
money is called creditor.
 
Is This Answer Correct ?    4 Yes 1 No
Rajesh
 
  Re: Who are Debtors & Creditors?
Answer
# 8
Debtors Means: ( Who purchase Credit.)

  ( E.g)        Purchase A/c   Dr 

                     To Dhawan ( Party Account)

          ( In Debtors Books)


  Creditors Means: ( Who sale Credit )

  ( E.g)       Rajinder A/c    Dr ( Party Account)

                    To sale  
 
            ( In Creditors Books)
 
Is This Answer Correct ?    3 Yes 0 No
Rajinder Dhawan
 
  Re: Who are Debtors & Creditors?
Answer
# 9
Hi Madhubala,

I am not agree with you. You should add Credit on your 
answer

The person who purchase the products on credit base is 
called debtors and the person who sell the products on 
credit is called creditor.
 
Is This Answer Correct ?    2 Yes 0 No
Sunil
 
  Re: Who are Debtors & Creditors?
Answer
# 10
HI I AM RISHIKESH...
According to my point of view..   
The person who purchase the commodities on credit base is 
called debtors and the person who sell the commodities on 
credit is called creditor.
  

singhrishikesh3@gmail.com
 
Is This Answer Correct ?    4 Yes 2 No
Rishikesh
 
  Re: Who are Debtors & Creditors?
Answer
# 11
debtor are the people who owe money for goods & services we 
have supplied to them,they are our debtor.creditor are the 
people to whom we owe money for goods & services bt them to 
us on credit
 
Is This Answer Correct ?    0 Yes 0 No
Jagjit Singh
 

 
 
 
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EXPAND___________ITAT  2
 
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