A person who owes money to the business is a ________
A. Debtor
B. Creditor
C. Investor
D. Supplier
Answer: Option A
Solution(By Examveda Team)
Debtors are stakeholders who owe money to the business. Debtors are typically customers who have taken possession of goods or services from a business but have not yet paid the business for those goods and services. The English word debtor is derived from the Latin word 'debere' meaning 'to owe'. So in accounting, customers who owe money to the business are called debtors.Related Questions on Tally
A. Peutronics
B. Tally Solutions
C. Coral Softwares
D. Vedika Softwares
in general the financial year from shall be from
A. 1st April of any year
B. 31st March of any year
C. All of them are true
D. None of these
Which menu appears after starting Tally for the first time
A. Gateway of Tally
B. Company Info
C. Display
D. None of these
Which option is used in Tally to make changes in created company
A. Select Company
B. Shut Company
C. Alter
D. None of these
Join The Discussion