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define Debtor

Posted by Birdavinder Singh 4 years, 1 month ago

CBSE > Class 11 > Accountancy

2 answers

Anish Ahuja 4 years, 1 month ago

Debtor is a person which give money to company or firm

0Thank You

Yogita Ingle 4 years, 1 month ago

Persons or organisations that are liable to pay money to a firm are called debtors.

They have debit balance to the firm.

They are shown as assets in the Balance sheet under Current Assets.

0Thank You

ANSWER

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