Accountancy, asked by nirajrocki8687, 11 months ago

Distinguish between debtors and creditors; profit and gain

Answers

Answered by jayant2kumbhre14
40

Explanation:

The difference between a debtor and a creditor. A creditor is an entity or person that lends money or extends credit to another party. A debtor is an entity or person that owes money to another party. ... The creditor frequently demands collateral and/or a personal guarantee, as well as loan covenants, from the debtor.

Answered by liyaliyababu
7

Answer:

debtors what we get in

creditors what go out

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