Debtor

A corporation or individual who owes money. If this liability is in the form of a loan from a financial institution, the debtor is mentioned as a borrower. If the debt is in the form of securities, such as bonds, then debtor is mentioned to as an issuer.

Important Bookkeeping Terms

Important Bookkeeping Terms: Before attempting to learn the art or science of bookkeeping it will be better to clarify some of the terms that will have to be used again and again. Transaction: Any dealing between two persons or things in a transaction. It