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) Debtor

    • Posted by Birdavinder Singh 4 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Nehit Kumar 4 years, 1 month ago

    Debtor are the person/firm who has to pay to a business an amount for buying goods/rendering services on credit.

    0Thank You

    Gaurav Seth 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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