This article explains the fundamental difference between debtors and creditors, two critical terms in accounting and finance. We'll delve into their meanings, the roles they play in business transactions, and how they impact financial statements. Learn how to understand and make journal entries related to debtors and creditors, essential for students of accounting, finance, and business management. Suitable for Class 11, 12th BCom, MCOM, and MBA students, the content is available in Hindi and Urdu for better understanding.