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In [[economics]] a '''debtor''' (or a [[borrower]]) owes money to a [[creditor]]. In writing ledger accounts a debtor's amount is written on the debit (Dr) side, as the name suggests. |
In [[economics]] a '''debtor''' (or a [[borrower]]) owes money to a [[creditor]]. In writing ledger accounts a debtor's amount is written on the debit (Dr) side, as the name suggests. Debtor as it appears in balance sheet connotes same meaning as the account receivable. |
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