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What is the difference between lenders and creditors?


Mahalakshmi s

Mahalakshmi s

CA Foundation

860

11-Aug-22

65

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

Rupa Devi Akkala

CA Foundation

23K+

11-Aug-22

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


Yazhini C V

Yazhini C V

CA Inter

8K+

11-Aug-22

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