Difference between revisions of "Creditor"
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| − | [[Creditor]] is anyone | + | [[Creditor]] is anyone who has a claim to assets of a [[legal entity]], but not an owner of this entity. For instance, a [[creditor]] can be the person or business to whom another business owes money for purchases made. |
Revision as of 19:20, 17 December 2018
Creditor is anyone who has a claim to assets of a legal entity, but not an owner of this entity. For instance, a creditor can be the person or business to whom another business owes money for purchases made.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
