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Answer Posted / md asif ali
DEBTOR:A person owing the money to the business firm is
called"DEBTOR" In other words. a debtor is the one who
recieved the benifit from the firm and the yet to repay it.
CREDITOR:Creditor who lend money or sell goods on the
credit to the firm .In other words,Creditor means ,gave
benefit to the firm and yet to receive the equivalent
benefit from the firm
| Is This Answer Correct ? | 47 Yes | 2 No |
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