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who is debtor and creditor?
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Answer / aisha nadeem
Debtor: the person from whom the buisness have to receive
the money or we can say purchaser.
Creditor: the person to whom the buisness have to pay the
maoney or we can say supplier from whom the buisness
purchse materials on credits.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / kavita
Debtors: Debtors are also called Customers. when we sale
material on credit to party, than they call our debtors.
Creditors: Creditors are also called Supplier. When we
purchase material on credit from party than they called our
suppliers.
| Is This Answer Correct ? | 4 Yes | 4 No |
Answer / lokesh reddy
Y not to say debtor is asset
Creaditor is a liability
| Is This Answer Correct ? | 0 Yes | 0 No |
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