Understanding debtors and creditors is important for managing business finances. Debtors are individuals or entities who owe money to a business, while creditors are those to whom the business owes money. The relationship between debtors and creditors directly impacts cash flow, financial planning, and overall business operations. Knowing the roles of debtors and creditors helps in maintaining a healthy financial balance. Viisit- https://open.money/blog/debtor....s-vs-creditors-key-d