what is meaning of debtors
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hey dear.....!
debtor is a person or entity that owes money. In other words, the debtor has a debt or legal obligation to pay an amount to another person or entity. For example, if you borrow $10,000 from a bank, you are the debtor and the bank is the creditor.
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debtor is a person or entity that owes money. In other words, the debtor has a debt or legal obligation to pay an amount to another person or entity. For example, if you borrow $10,000 from a bank, you are the debtor and the bank is the creditor.
hope it's help u if u like the answer mark as a brain list
Dhaval8:
thank you
Answered by
9
Debtors :-
Debtors are those who owe money or anything else, or they are those persons from whom a bussiness 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.
Debtors are those who owe money or anything else, or they are those persons from whom a bussiness 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.
debtor
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