Question

What are debtors ? Explain it with example

Answer 1

Debtor is a person who owes amount to the enterprise against credit sales of goods and services in its ordinary course of business.for example, when goods are sold to a person on credit that person is called a debtor because he owes the amount to the enterprise.The amount due is known as debt.
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Answer 2

Debtors :-

Debtors are those who owe money or anything else, or they are those persons from whom a business has to recover money on account of goods & services sold on credit.

For Example : Goods Sold to Mr. X for ₹ 1,000 on credit. Here, in this case, Mr. X is our Debtor or customer.

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