Accountancy, asked by js8366465, 4 months ago

A bill received from a debtor is called receivables why?

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Answered by shivshakthi

0

Answer:

A debtor is someone who owes you money, normally because you have invoiced them for goods or services supplied. The invoice details what they owe and why. The process of managing debtors is often referred to as Accounts Receivable.This updates the balances in the debtors ledger and the general ledger.

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