Home »
MCQs »
Commerce MCQs »
Basic Accounting MCQs
Which person owes an amount to a business organisation for buying goods and services on a credit basis?
10. Which person owes an amount to a business organisation for buying goods and services on a credit basis?
- Creditors
- Debtors
- Owner
- None of the above
Answer: B) Debtors
Explanation:
Debtors are the persons who owe an amount to a business organisation for buying goods and services on a credit basis.