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RE: What is the distinction between debtor and creditor?

What is the distinction between debtor and creditor?

Ritu Singh Trainee Asked on November 4, 2014 in Accounting.
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2 Answers

A creditor is a person who lends money and hence is a person to whom a debt owes.
A debtor is a person on the other hand who has to repay the debt that he owes to a creditor. This is the major distinction between a creditor.

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smithcorey Trainee Answered on December 11, 2014.
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