what a real different between debit and credit ,debitors and creditors.
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Answered by
1
Answer:
Debtors have a debit balance to the firm while creditors have a credit balance to the firm. Payments or the amount owed is received from debtors while payments for a loan are made to creditors
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Answered by
2
Answer:
debit is a term for balance & credit is a term for overdraft
debtors are the ones from money is due
Creditors are those to whom we have to pay.
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