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How debtors are assets??

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How debtors are assets??

Posted by Ishita Dhir 6 years, 6 months ago

CBSE > Class 11 > Accountancy

2 answers

Ashwini Tiwari 6 years, 6 months ago

Because they will return the sum after some time

Sia ? 6 years, 6 months ago

Assets means something which is giving benefit today and will continue to give benefit in the future. As debtors means the one from whom the money is to be collected or the people who owe money to us as they were given benefit from us (example credit sales) are termed as debtors.

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