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Who are Debtors & Creditors?

Answer Posted / rajinder dhawan

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 ?    36 Yes 7 No



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