What Are Debtors? Meaning, Types, Examples and Importance in...

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2026-10-31 13:37:59 -

What Are Debtors? Meaning, Types, Examples and Importance in Accounting

Understanding what are debtors is important for business owners, accountants, students, and anyone interested in financial management. In accounting, debtors are individuals, customers, or organisations that owe money to a business. This usually happens when a company sells goods or provides services on credit, allowing customers to pay at a later date rather than immediately. For...

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