Q315
The person from whom the goods are purchased on credit are called
A.
Debtors
B.
Creditors
AnswerC.
Accounts receivable
D.
None of the above
Answer: Option B
Solution
Answer: Option B
Solution:
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.