ЁЯУв Too many exams? DonтАЩt know which one suits you best? Book Your Free Expert ЁЯСЙ call Now!

    Question

    Which person owes an amount to a business organisation

    for buying goods and services on a credit basis?
    A Creditors Correct Answer Incorrect Answer
    B Debtors Correct Answer Incorrect Answer
    C Owner Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    The person who owes an amount to a business organization for buying goods and services on a credit basis is called a debtor . A debtor is a person or entity that owes money to another person or entity. In the context of business, a debtor is a customer who has purchased goods or services from a business on credit and has not yet paid for them.

    Practice Next
    More ESIC Part B Questions

    Relevant for Exams:

    ask-question