What is the distinction between debtor and creditor?
On accounting basics, I wanted to know the difference between debtor and creditor
- Meghana
- 22 Jul
- 516 Views
- 12 Answers
Your Answer
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ShikhaSP
- 15 Jul
Debtor refers to a person to whom goods or services have been rendered and payment has not been received.
​Creditor refers to a person from whom ggood or services have been received and payment has not been made.
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