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Complete the following sentence: A person to whom business owes money for the goods or services is known as - Book Keeping and Accountancy

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Complete the following sentence:

A person to whom business owes money for the goods or services is known as ____________

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Solution

A person to whom business owes money for the goods or services is known as the creditor.

Concept: Basic Accounting Terminologies
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APPEARS IN

Balbharati Book-keeping and Accountancy 11th Standard HSC Maharashtra State Board
Chapter 1 Introduction to Book - Keeping and Accountancy
Exercises | Q 6. 5) | Page 18
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