Accounts
This query is : Resolved
NAGESWARA RAO
(Querist)
23 August 2011
Please Explain the difference between Accounts payable & Creditors or AR & Debtors?
CMA Ramesh Krishnan
(Expert)
23 August 2011
Creditors is part of Accounts payable, creditor specifically notes the person who need to pay the liability. Accounts payable includes all like Creditor,bills payable and other liability what ever payable by the company
Debtors is part of Accounts receivable, debtors specifically notes the person who need to receive the money. Accounts receivable includes all like debtors, bills receivable,other receivable what ever receivable by the company
Debtors is part of Accounts receivable, debtors specifically notes the person who need to receive the money. Accounts receivable includes all like debtors, bills receivable,other receivable what ever receivable by the company
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