Examveda
Examveda

The person from whom the goods are purchased on credit are called

A. Debtors

B. Creditors

C. Accounts receivable

D. None of the above

Answer: Option B

Solution(By Examveda Team)

The person from whom the goods are purchased on credit are called Creditors. The person, firm or an organization from whom goods or services are purchased on credit by the business are called creditors of the business.

This Question Belongs to Commerce >> Accounting

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