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owed to and owed by

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

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May 10, 2014 at 5:51 am #168148
ASHOK
Member
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sir I am totally confused about this words since my native language is not English so I would like to know that what is owed to and owed by mean is it,
Owed to= receivables and
Owed by= payables
May 10, 2014 at 11:38 am #168186
John Moffat
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- Topics: 57
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If it is owed to the company in question, then it is a receivable of that company.
If it is owed by the company in question, then it is a payable of that company.
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