The summarized accounts maintained with debtors and creditors are known as Receivables.

Here's a step-by-step explanation:

1. Debtors are people who owe money to a company, typically as a result of purchasing goods or services on credit.

2. Creditors are people or entities to whom a company owes money, typically as a result of purchasing goods or services on credit.

3. The accounts maintained with these debtors and creditors are known as Receivables and Payables respectively.

4. Receivables are considered an asset to the company because it is money that is owed to the company and is expected to be received in the future.

5. Therefore, the correct answer to your question is Receivables.

Question

The summarized accounts maintained with debtors and creditors are known as Receivables.

Here's a step-by-step explanation:

1. Debtors are people who owe money to a company, typically as a result of purchasing goods or services on credit.

2. Creditors are people or entities to whom a company owes money, typically as a result of purchasing goods or services on credit.

3. The accounts maintained with these debtors and creditors are known as Receivables and Payables respectively.

4. Receivables are considered an asset to the company because it is money that is owed to the company and is expected to be received in the future.

5. Therefore, the correct answer to your question is Receivables.

Knowee AI · Accepted Answer

The summarized accounts maintained with debtors and creditors are known as Receivables.

Here's a step-by-step explanation:

1. Debtors are people who owe money to a company, typically as a result of purchasing goods or services on credit.

2. Creditors are people or entities to whom a company owes money, typically as a result of purchasing goods or services on credit.

3. The accounts maintained with these debtors and creditors are known as Receivables and Payables respectively.

4. Receivables are considered an asset to the company because it is money that is owed to the company and is expected to be received in the future.

5. Therefore, the correct answer to your question is Receivables.

These are summarized accounts maintained with debtors and creditors.1 puntoReceivablesAssetsLiabilitiesCapital