Who are debtors and creditors in accounting?
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Creditors are those who loans their money to others, typically with added interest.
Loaners, on the other hand, are those who receive the money, and spend it on their will. However, they usually have to pay back within a certain amount of time, and usually with added interest.
hope this helps
Loaners, on the other hand, are those who receive the money, and spend it on their will. However, they usually have to pay back within a certain amount of time, and usually with added interest.
hope this helps
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Debators are those who own the thing.
Creditors are consumers
Creditors are consumers
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