Debtors means the person who bought the goods from you either on Cash or on Credit. In same ways Creditors means the person from whom you have bought the goods.
Written on Dec. 23, 2016, 7:29 p.m.
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Account receivable and account payable?
If i explain u in simple terms A/c Receivable is non other than Debtors & A/c Payable is Creditors.
Debtors means the person who bought the goods from you either on Cash or on Credit. In same ways Creditors means the person from whom you have bought the goods.
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