5. Trial Balence Flashcards
(2 cards)
1
Q
What is a creditor?
A
A person a business owes money too
e.g Trade Payable
2
Q
What is a Debitor?
A
A person who buys a g/s but doesn’t pay it straight away
e.g Trade Recievable
What is a creditor?
A person a business owes money too
e.g Trade Payable
What is a Debitor?
A person who buys a g/s but doesn’t pay it straight away
e.g Trade Recievable