who is debtor? who is creditor?
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Answer / harshad
Debtor is a Saler for eg.If A sold goods to B. so B is a
debtor of A.Because A receive money from B
Creditor is Purchaser for eg. If X Purhase goods from
Y.than y is a creditor to X. Because X Paid money to y.
| Is This Answer Correct ? | 112 Yes | 32 No |
Answer / mohit nama
when a credit sales made, the purchaser of the goods is
debtor.
| Is This Answer Correct ? | 51 Yes | 13 No |
Answer / deepak
Debtor is a person/company whom the goods have sold on credit.
Creditor is a person from whom the goods have purchased on credit.
| Is This Answer Correct ? | 32 Yes | 2 No |
Answer / saroj behera
debtor who taking or borrowing money from others is known as
debtor and creditor who give money to the others.
| Is This Answer Correct ? | 28 Yes | 7 No |
Answer / saif
A debtor/Accounts receivable is a person who owes to money to the business as he has received some benefit from the business.
A Creditor/Accounts Payable is a person to whome the business owes money as he has given some benefit to the business.
| Is This Answer Correct ? | 27 Yes | 8 No |
Answer / chandu
Debtor: The company,firm,person are the services,sales,
work done provided to the other person,firm or company and
amounts receivable from them those are called debtors. for
example : X is provided to services/sales/work done to Y
i.e., Y debtor for X.in the case X is amounts receivable
from Y.
Creditor: X is purchased the materials or services rendered
in credit basis from Y i.e., Y is creditor to X.in the case
X is amounts payable to Y.
| Is This Answer Correct ? | 10 Yes | 1 No |
The word "Debtor" or "Credior" appears when the transcation
is made on credit.
Debtor-Debtor is a person who owes money to the
company/business or a person/company whom the goods have
sold on credit.
Creditor-Creditor is a person to whom company owes money or
a person from whom the goods have purchased on credit.
Debtor is shown in Right side(Assets side) of Balance and
Creditor is shown in lest side (Libilities side) of the
Balance sheet.
| Is This Answer Correct ? | 10 Yes | 3 No |
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To be more simple.
Debtors = Total of all credit Sales to customers (Asset).
Creditors = Total of all credit purchases form Vendor
(Liabilities).
***********************************************************
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / anusha
the word debtor or credior appears when the transcation is
made on credit.
debtor-debtor is a person who owes money to the
company/business
creditor-creditor is a person to whom company owes money.
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / shakeel
Debtor is a Customer we sales to him ,and creditors we
purchasing material
| Is This Answer Correct ? | 6 Yes | 3 No |
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