Answer Posted / suvabrata sarkar
The word "Debtor" or "Credior" appears when the transcation
is made on credit.
Debtor-Debtor is a person who owes money to the
company/business or a person/company whom the goods have
sold on credit.
Creditor-Creditor is a person to whom company owes money or
a person from whom the goods have purchased on credit.
Debtor is shown in Right side(Assets side) of Balance and
Creditor is shown in lest side (Libilities side) of the
Balance sheet.
| Is This Answer Correct ? | 10 Yes | 3 No |
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