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What is the definition of debtors and creditors?

Anonymous

∙ 14y ago

Updated: 11/11/2022

Debtors are people who owe money to creditors. Creditors are people who are owed money by debtors. For example, the bank is a creditor allowing people to take out loans and the people taking out the loans are the debtors.

Wiki User

∙ 14y ago

What else can I help you with?

What is the definition of sundry debtors and sundry creditors?

The person to whom you have sold goods.(Consumer is the debtor.)

Debtors or creditors would be more likely to favor inflation?

Debtors.

Format for Debtors control account and creditors control account?

debtors

What is debtors and creditors?

Loaners and borrowers

What is the difference between Sundry debtors And Sundry Creditors?

Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.

What is difference between sundry debtors and sundry creditors?

Sundry Debtors are from whom we have to take money and to sundry creditors we owe money.

What was the name for a society where debtors were bound to their creditors in servitude?

That system was called debt bondage or debt servitude, where debtors were forced to work for their creditors until the debt was paid off.

If the actions of the government consistently favor inflation would you expect the minority of the voters to be creditors or debtors?

Creditors

What is the methods of internal control account debtors and creditors?

ahshshj

How to calculate DP ratio?

Stock+debtors-creditors/sale

What made it easier for debtors to pay their creditors?

Paper money.

Can sundry creditors make sale to sundry debtors?

yep its returns

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