February 1, 2008
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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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8 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…..