Ultima modifica: 6 Dicembre 2024

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29 Giugno 22 Articolo

DK Goel Solutions for Class 11 Accountancy Chapter 1 Meaning and Objectives of Accounting

A creditor, in other terms, makes a loan to another person or institution. Debtors are often grouped in financial reporting based on the period of their debt repayments. Short-term borrowers, for example, are those whose outstanding debt is due within a year. Short-term debtors’ payments are accounted for as short-term receivables in the company’s current    »