Accounting




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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Comments

8 Responses to “What is the meaning of debtor?”

  1. Erla on February 2nd, 2008 8:27 pm

    I can tell you your explanation is clear and simple. It’s wonderful

  2. mimzy on February 3rd, 2008 8:09 am

    it helps me to understand more about basic acctg. dati i don’t enjoy it but right now i love accounting

  3. Angela on February 7th, 2008 4:56 am

    Your answer is ok, it is easy to understand. but I need to learn more about debtors

  4. Nasirov Ziya on February 12th, 2008 6:28 am

    Dont be a debtor or creditor

  5. Gagan Sharma on February 28th, 2008 1:09 am

    explain me the mean of tender in detail ? how is it work?

  6. Gagan Sharma on February 28th, 2008 1:15 am

    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

  7. Sua Macorner on March 19th, 2008 1:04 am

    Its so nice. I can tell you and you will be in a good position of understanding who debtors are.

  8. shermay on March 19th, 2008 8:29 pm

    Good explanation, its help me to understand basic accounting, thanks…..

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