Accountancy, asked by karthik208v, 3 months ago

a person who ownes money to the business is what?

Answers

Answered by devika2271
2

Answer:

A debtor is a person or entity that owes money. The entity may be an individual, a firm, a government, a company or other legal person. The counterparty is called a creditor. When the counterpart of this debt arrangement is a bank, the debtor is more often referred to as a borrower.

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