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A creditor is an individual, company or entity that has provided goods or services to a business and is owed money. In the balance sheet, a creditor may be listed under the current liabilities or long-term liabilities section.
<p>A creditor is an individual, company or entity that has provided goods or services to a business and is owed money. In the <a href="https://www.goforma.com/small-business-accounting/what-is-balance-sheet-profit-loss" target="_blank">balance sheet</a>, a creditor may be listed under the current liabilities or long-term liabilities section.<br></p>
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