Businesses which sale goods on credit maintain lists of customers who are called debtors because they owe the business money for goods obtained on credit while on the other hand, the business also maintains the list of suppliers to which it owes money for goods it obtained on credit and these are called creditors.
The SMEs need to maintain these records to ensure that it keeps track of the debtors and the creditors in mitigating the cash flow.
via allAfrica.com: Zambia: Small Business Cash Flow Management (Page 1 of 2).
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