Creditor is considered to be a liability in the accounting to whom the person owes a payment.
<u>Explanation:</u>
Creditor is an accounting expression to show a gathering that has conveyed an item, administration or advance, and is owed cash by at least one account holders. Banks are substances, organizations or individuals of a legitimate sort who have given merchandise or benefits, or lent cash to an account holder.
A term utilized in accounting, creditor refers to the gathering that has conveyed an item, administration or credit, and is owed cash by at least one indebted individuals. A borrower is something contrary to a loan boss – it alludes to the individual or substance who owes cash.
