February 1, 2008
What is the meaning of debtor?
A debtor is a person or entity that owes money. In other words, the debtor has a debt or legal obligation to pay an amount to another person or entity.
For example, if you borrow $10,000 from a bank, you are the debtor and the bank is the creditor.
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12 Responses to “What is the meaning of debtor?”
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I can tell you your explanation is clear and simple. It’s wonderful
it helps me to understand more about basic acctg. dati i don’t enjoy it but right now i love accounting
Your answer is ok, it is easy to understand. but I need to learn more about debtors
Dont be a debtor or creditor
explain me the mean of tender in detail ? how is it work?
i have just complete my graduation (B.Com honours) from M D University . but my concept is completely not clear , i want to complete my accounting concept . any body is there who can help me . what procedure would i accept in this circumstances ? pls help me buzz me on gagan862005_sharma@yahoo.co.in my contect number is 9953453180 its an gurgaon number
Its so nice. I can tell you and you will be in a good position of understanding who debtors are.
Good explanation, its help me to understand basic accounting, thanks…..
what is the meaning of debtor
how can we prepare manual accounts
please sent accounting bites in all over subjects
It’s really help me to understand the basic concept of accounting term.