Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Who are Debtors & Creditors?

Answer Posted / hema

A creditor is a person who loans money to another person.
The person who gets the loan is called the borrower.
Creditors are sometimes called moneylenders. Creditors
expect the borrower to pay the money back at a later time.
The creditor usually gets extra money from the borrower.
This money is called interest.

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to maintain stock if any entry mismatch pllzz tell me short cut

1571


what types of essays are giving in bank of america. can any one tell the opics? LAVANYA

2112


hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?

2085


what is participation right is it a debt? or not?

2272


EXPAND_________SEB

2084


As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...

2118


Expand DEHM

2009


Expand---------MRDT

2384


HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.

2132


why do u want to join bpo sector

2333


Hello to every body ... Its not its not a interview question In accounting field can we make Money ?

2028


while passing a journal entry we rite dr. for the a/c to be debited but why don't we write cr. for the a/c which is credited and instead write 'TO'??

2166


Let me know the difference between cash flow and free cash flow

2075


What are the benefits ofparticipation in a depository?

2070


Dear sir, I have complete B.com in march 2007, for past 4year i am doing some marketing jobs in insurance sector, now i need to change my job in accounting sector, i have heard that by doing SAP Fico there will be better opurtunity in corporate companies.

1969