What are creditors?

In: Financial Statements [Edit categories]

Answer:

Creditors are people or organisations (companies, councils, tax man etc) to whom you owe money.

First answer by John Pinder. Last edit by John Pinder. Contributor trust: 42 Question popularity: 2 [recommend question].

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What can a creditor do to me?
Repossess any merchandise, or, place a lien on your estate.
What is a creditor?
Creditor is a person from which we purchased goods on credit. It is the liability of company and creditors are shown in liability side of balance sheet. A creditor is a person that lends money. A...
What makes a secured creditor a secured creditor?
A secured creditor is one who has a contract with you that says if you fail to pay, the creditor can take a specified item you own to satisfy the debt. Most common are purchase-money loans, such as...
Who is a creditor?
The creditor is the person who provided services, goods, or credit.
What is the difference between creditors and sundry creditors?
You may have a category of sundry, or miscellaneous, creditors on the books for occasional or small vendor relationships, rather than setting up a separate vendor account for these infrequent...