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Question
All those to whom business owes money are ____________.
All those to whom business owes money are ____________.
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Solution
The correct option is B Creditors
Creditors are those to whom the business owes money. When goods or services are taken by the business on a credit basis against which the payment to be done in near future are called creditors. Creditors may be against the goods purchased or services.
Creditors are those to whom the business owes money. When goods or services are taken by the business on a credit basis against which the payment to be done in near future are called creditors.
Creditors may be against the goods purchased or services.
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