CREDITORS Definition

Bookmark and Share

CREDITORS are the entities to which a debt is owed by another entity.

Learn new Accounting Terms

MINIMUM WAGE is the lowest compensation you are allowed to pay an employee for hourly work. It is defined by Federal, state, and sometimes local laws. State or local laws may be more restrictive than Federal law, and certainly may differ.

SUBSIDIARY LEDGER is a group of subsidiary accounts the sum of the balances of which is equal to the balance of the related control account in the general ledger.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.