Question

1..What are current assets?
2..What is debtor and creditor ?​

Answer 1

hiii mate here is the answer

1. current assets means cash and other assets that are expected to be converted to cash within a year.
2. debtors means a person who owes money

creditor means a person or company from whom you have borrowed money

hope it may help you

Answer 2

Answer:

1. Ans: Cash and other assets that are expected to be converted to cash within a year is called current assets.

2.Ans: A creditor is an entity or person that lends money or extends credit to another party. Thus, there is a creditor and a debtor in every lending arrangement.

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