Accountancy, asked by na9btimanisnehadi, 1 year ago

Differentiate between Debtors and Creditors. Give example.

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Answered by khaleelleo3

Difference between debtors and creditors
debtors:a person who receives a benefit without giving money immediately but liable to pay in future.the debtors shown as an assets in the balance sheet
creditors:a person who gives a benefit without receiving money immediately but claim in future . the creditors shown as a liability in the balance sheet

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