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Who is debtors?

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Who is debtors?

Posted by Tyagi Tyagi 6 years, 3 months ago

CBSE > Class 11 > Accountancy

3 answers

Manpreet Kaur 6 years, 3 months ago

Dabtors is a person, company and other entity that owes money. In the other words dabtors has a debts or legal obligation to pay the amount owed.

Nikhil Panday 6 years, 3 months ago

Dabtors vo hote h jinse hme pese lene h

Neelima Maurya 6 years, 3 months ago

Debtor is the person who takes goods or services from business on credit. It is the asset of the business. Whenever it increase it will be in debit side and whenever decrease it will come in credit side. For example: M/S angel sale goods of @10,000 to A&Co. On credit the following entry will be pass in the books of M/S angel. A& Co. A/C..............Dr. 10,000 To Sales A/C. 10,000

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