What are debtors?
submitted by fortune

RJ Fletcher

People who have debt. They owe money to creditors.

Jimeson

Anyone who owes money. When a company purchases goods on credit, they agree to pay back the supplier at a later date. Say a flooring company purchases a big roll of carpet and puts it on their account, rather than paying cash at the time of sale. Now that carpet company has an increase in accounts receivable, and the flooring company has an increase in accounts payable. The flooring company is a debtor to the carpet company.
Debtors are listed in a debtors journal.