Definition of ‘Debtors’
Debtors are people who owe money to a business. For monies owed by customers for goods and services supplied but not yet paid for, the term trade debtors is often used.
For further information see the Wikipedia debtors definition.
Financial Projections Template Debtors Definition
The financial projections template refers to debtors as accounts receivable, which is calculated by multiplying the average daily revenue of the business by the number of days customers are taking to pay.
Accounts receivable (debtors) is a current asset of the business shown in the balance sheet.
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