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What is short term > debtors & Creditors ??
What is Long term > debtors & Creditors ??
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Answer Posted / farooq baig
1. Short term debtors means the persons buys goods for credit on short term say fortnight or 1 month. Creditors vice versa.
2. Long term debtors means the manufacturers/Persons buys goods for crdit for long term say above 1 month to 6 months. Creditors vice versa.
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