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Business Studies

Question

A person who owes money to the firm is ____________.
A creditor
A debtor
An investor
A lender

A

A creditor

B

A debtor

C

An investor

D

A lender

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Solution

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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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