DEBTORS VS CREDITORS KNOWLEDGE

Creditors are the parties, to whom the company owes an obligation. Debtors come under the category of account receivable whereas Creditors come under the category of account payable. Debtors are the assets of the company while Creditors are the liabilities of the company. The Latin meaning of debtor is 'to owe'

DEBTORS VS CREDITORS KNOWLEDGE,DEBTORS & CREDITORS,