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Business Studies

Concept of Business

A person who ...

Question

A person who owes money to the firm is ____________.

A

A creditor

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B

A debtor

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C

An investor

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D

A lender

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Solution

The correct option is B A debtor
A debtor is the one who owes money to the firm i.e the firm has an amount receivable from debtor, which is an asset of the firm.

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