who is the creditor and debtor
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Answer / akansha
in accountancy the giver is called creditor and reciver is called debtor
| Is This Answer Correct ? | 23 Yes | 3 No |
Answer / shivangi agrawal
creditor is the person to whom we owe some money as we
purchased goods from him.
debtor is the person who owes money to us as we sold goods
to him.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / ragini kumari
Creditor:The person whom money is owing by the firm for providing goods or services are called as creditor.
Debtor:The person who owe to an enterprise an amount for receiving goods or services on credit are termed as debtor.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / anchit saxena
Creditor means a person from whom goods r purchased and
Debtor means a person to whom goods r purchased.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / vishakha gandhi
creditors : busines purchase goods from any party or any
company those person called creditors.
debtors : business sold goods any customer or any company
those personcalled debtors.
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / anchit saxena
hello viewers, actually i was posted a wrong answer due to
my mistake so i m posting a new answer right now:
Creditor means a person from whom goods are purchased.
Debtor means a person to whom goods are sold.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / srilatha
we are purchase all comes on sundry creditors.
we are sale to items comes on sundry debtors.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / harbrook
Creditors are ( Who we owe to, it could be from purchasing goods or services on credit, or just a loan from a bank, organization or person.
Debtors are( who owe us) it could be people to whom we sold goods on credit, or provided service on credit to, or loaned money to.
| Is This Answer Correct ? | 0 Yes | 0 No |
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