When businesses sell goods on credit, these customers are called debtors because the business will collect outstanding payments from these customers in the future. When selling inventory on credit, this gives rise to a transaction relating to theDEBTOR.....a Debtor is classified as an Asset because it meets the accounting definition. Debtors are often grouped into a larger classification group called Trade Receivables.
Please help support the blog by upvoting and following us. We read all our comments and reply to all our followers =)
Followers and Upvotes are always appreciated.
Thanking you
Consider using Steemfollower: https://steemfollower.com/?r=7547
For more content visit the website: http://www.creativosolutions.com/
YouTube: https://www.youtube.com/c/CreativoSolutions
Instagram: https://www.instagram.com/creativosolutionspublic/?hl=en
Soundcloud: https://soundcloud.com/user-301604869-194340999
Twitter: https://twitter.com/creativo_s
Podcast: http://www.podcasts.com/creativo-solutions-38a2e205b
Congratulations @creativo! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
To support your work, I also upvoted your post!
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP