Are Debtors Current Liabilities?

Debtors are shown as assets in the balance sheet under the current assets section while creditors are shown as liabilities in the balance sheet under the current liabilities section. Debtors are an account receivable while creditors are an account payable.

Are debtors included in current liabilities?

Current assets appear on a company's balance sheet and include cash, cash equivalents, accounts receivable, stock inventory, marketable securities, pre-paid liabilities, and other liquid assets. Current liabilities are typically settled using current assets.

Is debtors a current or non-current asset?

Stock/Inventories, Raw Material, Work- in-Progress, Finished Goods, Sundry Debtors, Cash at Bank, Cash in hand, Bills Receivable, Advances (short-term), Pre-paid Expenses, Accrued Income etc.