Letter grading is a prevalent system. adjective. The definition of prevalent is widespread, well known or in general use. An example of prevalent is the use of a letter grading system in colleges. prevalent. prevalent.
Answer / saif. A debtor/Accounts receivable is a person who owes to money to the business as he has received some benefit from the business. A Creditor/Accounts Payable is a person to whome the business owes money as he has given some benefit to the business.
Debtor is a person/company whom the goods have sold on credit. Creditor is a person from whom the goods have purchased on credit. Answer / saroj behera. debtor who taking or borrowing money from others is known as. debtor and creditor who give money to the others.