Difference among Trade receivable, Debtors


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Trade receivables and debtors are fundamentally the same concept, referring to money owed to a company by its customers. 'Trade receivables' is the formal accounting term, typically used for the purchasers of a company's products. 'Debtors' is a broader business term that encompasses all customers who owe money to the company.

(Querist)
19 September 2023 what are differences
Trade receivable
Debtors

RAJA P M (Expert)
19 September 2023 Debtors is all Customers ... Trade receivable is who is the purchaser of company's products

01 October 2023 Trade receivables and debtors are essentially the same thing. Trade receivables is the term used in accounting, while debtors is the term used in business.


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