Accountancy, asked by hamzaali5708a, 6 months ago

A person who owes money to the firm is called​

Answers

Answered by tanvikatrujwar28
1

Answer:

A person who owes money to the firm is called CREDITOR.

Answered by nakashezai123
0

Answer:

creditor

Explanation:

A creditor is an entity, a company or a person of a legal nature that has provided goods, services, or a monetary loan to a debtors

A term used in accounting, ‘creditor’ refers to the party that has delivered a product, service or loan, and is owed money by one or more debtors. A debtor is the opposite of a creditor – it refers to the person or entity who owes money.

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