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What is the difference between Debtors …

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What is the difference between Debtors and creditors?

    • Posted by Riya Riya 6 years, 6 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Ashwini Tiwari 6 years, 6 months ago

    Debtors are asset from business point of view but creditors are liabality from business point of view?

    0Thank You

    Sia ? 6 years, 6 months ago

    A creditor is an entity or person that lends money or extends credit to another party. A debtor is an entity or person that owes money to another party. Thus, there is a creditor and a debtor in every lending arrangement.

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