What is the distinction between debtor and creditor?
On accounting basics, I wanted to know the difference between debtor and creditor
- Meghana
- 22 Jul
- 12 Answers
12 Answers
12 Answers
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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.Modal content
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A debtor is one who owes money and a creditor is the one to whom a debt/money is owedModal content
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A debtor is a person or enterprise that owes money to another party
and
A creditor is the person who lent money or goods to any party
For any further query u can msg me on my this number regarding ANY COMMERCE SUBJECT- 9699200835.Modal content
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Seller and Buyer Payment and Receipts Income and ExpenditureModal content
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Debtor is a person from whom we have to receive money against any supply or services rendered and Creditor is a person to whom we have to pay money against receipt of goods or servicesModal content
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A debtor is a person or enterprise that owes money to another party..
A creditor is a person, bank, or other enterprise that has lent money or extended credit to another party...Modal content
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Debtor is someone who ows money, and the creditor is the person who lent the money or goods on credit basis. That's it.Modal content
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in simple words debtor is a person who give money to us
creditor is a person to whom money is given by us.Modal content
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A deptor is a person or enterprise that owes money to other party. A creditor is a person, bank, or other enterprise that has lent money or extended credit to another party. If company X borrowed money from its bank, company X is the debtor and the bank is the creditor.Modal content
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