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who is debtor? who is creditor?

Answer Posted / 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



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