Mr. A has bought goods worth Rs 1,00,000 from Mr. B on credit. Which of the following is true?

Mr. B is a debtor of Mr. A

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Mr. A is a debtor of Mr. B

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Both A and B

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None of the above

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Solution

The correct option is B
Mr. A is a debtor of Mr. B

Mr. A has bought goods on credit from Mr. B. He owes Rs 1,00,000 to Mr. B. Hence, he is a debtor of Mr. B.

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Mr. A has bought goods worth Rs 1,00,000 from Mr. B on credit. Which of the following is true?

The correct option is B Mr. A is a debtor of Mr. B Mr. A has bought goods on credit from Mr. B. He owes Rs 1,00,000 to Mr. B. Hence, he is a debtor of Mr. B.

The correct option is B
Mr. A is a debtor of Mr. B

Mr. A has bought goods on credit from Mr. B. He owes Rs 1,00,000 to Mr. B. Hence, he is a debtor of Mr. B.