A person who owes money to the business is a ............

CS Executive · Corporate and Management Accounting · PYQS · December 2020
A person who owes money to the business is a ............
(A) Debtor
(B) Creditor
(C) Investor
(D) Promoter

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Basic Accounting Concepts

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