Why is debtor and creditor considered the primary in banking
bussiness
Answers
Answered by
0
Answer:
A bank owes money to its depositors - that is why it is called debtor. On the other hand, a bank grants loans and all those who have taken loan owe money to banks. That is why a bank is also called creditor. A bank is a debtor for its depositors and creditor for its loan holders.
Explanation:
Hope it will help you
Please mark as the brainliest
Similar questions