Debtors or account receivable
Written by True Tamplin, BSc, CEPF®
Updated on July 10, 2021
The persons to whom the goods or services have been sold on credit and from whom the amount is receivable are called “Debtors”. Debtors are also termed as Accounts Receivable.
John Sold goods to Harry on credit for $500, Harry is a Debtor of John.