what are debtors ? explain it by giving an example in 100-150 words
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Debtors are the persons or our customers who purchased goods from us or to ehom we sold good on credit and not on cash basis. Debtors are our asset and are shown on the right hand side of balance sheet.
example:- Ram sold goods to Ravi of price 1000 but recieved only 200 in cash.
it means rupees 800 is still recievable from Ravi. It means Ravi is our Debtor till he does not pay the total amount
example:- Ram sold goods to Ravi of price 1000 but recieved only 200 in cash.
it means rupees 800 is still recievable from Ravi. It means Ravi is our Debtor till he does not pay the total amount
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