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Question
The person from whom the goods are purchased on credit are called
Options:
A
.
 Debtors
B
.
 Creditors
C
.
 Accounts receivable
D
.
 None of the above
Answer: Option B
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More Questions on This Topic :
Question 1.
Which of the following sets of expense are the direct expense of business?....
Question 2.
The accounting equation is based on....
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Suspense account given in the trial balance will be entered in the....
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Different accounting policies can be adopted in the following area(s)....
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Normally the following accounts are balanced....
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Accounting provides information on....
Question 7.
The long term assets that have no physical existence but are rights that have value is known as....
Question 8.
The assets that can be converted into cash within a short period (i.e. 1 year or less) are known as....
Question 9.
The debts which are to be repaid within a short period (year or less) are known as....
Question 10.
Patents, Copyrights and Trademarks are....
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