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Bookmark or Share- What is a creditor and what is debtor? - Clear BooksA debtor is a term used in accounting to describe the opposite of a creditor – an individual that owes money, or who is in debt to an organisation or person. For example, a debtor is somebody who has taken out a loan at a bank for a new car. Examples of debtors:
- Difference Between Debtors and Creditors (with examples)Debtors and Creditors are both critical financial indicators and important parts of the financial statements of a company. Debtors form part of the current assets while creditors are shown under the current liabilities.
- What Is a Debtor and How Is It Different From a Creditor? - InvestopediaA debtor is a company or individual who owes money to a lender. Debtors are also often referred to as borrowers. Read about the laws that protect them.
- What Is a Debtor, and How Is It Different Than a Creditor?Debtors are individuals or businesses that owe money to others, including banks, individuals, or companies. Creditors are entities to whom money is owed, and they can include financial institutions, suppliers, or individuals.
- The difference between a debtor and a creditor - AccountingToolsA debtor is an individual or entity that owes money to a creditor. The concept can apply to individual transactions, so that someone could be a debtor in regard to a specific supplier invoice, while being a creditor in relation to its own billings to customers.
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