Accountancy, asked by yeotikarprajesh7582, 6 months ago

Debtor is asset or liability

Answers

Answered by Antaradj

Answer:

Debtors are shown as assets in the balance sheet under the current assets section while creditors are shown as liabilities in the balance sheet under the current liabilities section. Debtors are an account receivable while creditors are an account payable.

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