Debtors
Debtors
Glossary of business
Definition of debtors
Debtors refers to the current amount of money that the firm is owed by customers who have bought goods and services. This will arise because firms often allow their customers a period of credit before they have to pay for the goods. The total level of debtors at the end of the financial year is shown as one of the current assets on the balance sheet. It is an asset because it is money that the firm is owed.
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Terminology about business
Job world
Definition and meaning of debtors
Meaning of debtors
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