Business Studies, asked by mehek54, 1 year ago

meaning of debtors and creditors in simple language

Answers

Answered by Srushti232005

Answer:A debtor is a person or enterprise that owes money to another party. (The party to whom the money is owed is often a supplier or bank that will be referred to as the creditor.) A creditor is a person, bank, or other enterprise that has lent money or extended credit to another party

Hope this helps :D

Previous Question

Next Question

Similar questions

History, 6 months ago

write a paragraph describing the evening. (answer fast)...

Math, 6 months ago

Find the inverse of the matrix B=[(2, 2,0), (2, 1,1), (-7, 2,-3) ]...

Chemistry, 6 months ago

Which of the following anions is reduced in their chemical reactions ?? a)bromide anion b)nitrate anion c)carbonate anion d)thiosulphate anion Answer please...

English, 1 year ago

consider yourself to be unemployee graduate and write an application to the director of education (school) requesting for appointment to the post of a graduate teacher on contract basis...