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Answer Posted / h.r. sreepada bhagi
A Firm, Company or a person who sells goods or services on
credit is a 'Creditor'.
A Firm, Company or a person who buys goods or services on
credit is a 'Debtor'
In a credit transaction Debtor owes money to the creditor
towards the goods or services purchased/received by him.
| Is This Answer Correct ? | 4 Yes | 3 No |
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