Theoretical framework

Accountancy

What is the difference between lenders and creditors?

Mahalakshmi s

CA Inter

★ 1K+

11-Aug-22 21:13

600

Answers (2)

Lenders are those persons, who gives us loan whereas creditors means the persons, from whom we purchase goods on credit, or those who sells goods on credit for us

Rupa Devi Akkala

CA Final

★ 37K+

11-Aug-22 21:31

Creditors is a wider term than Lenders.'Lender' is used in every day's life apart from commercial use too.ie) if you lend money to your friend,you become the lender.Creditors are those who arise in the commercial environment

Shankari C

CA Inter

★ 12K+

11-Aug-22 21:34