Business Studies, asked by SBhardwaj1568, 7 months ago

accounting term creditors

Answers

Answered by muskanmusani30
6

Explanation:

A creditor is an entity that extends credit, giving another entity permission to borrow money to be repaid in the future. A business that provides supplies or services and does not demand immediate payment is also a creditor, as the client owes the business money for services already rendered.

Answered by prathamesh352
2

Answer:

A creditor is an entity that extends credit, giving another entity permission to borrow money to be repaid in the future. A business that provides supplies or services and does not demand immediate payment is also a creditor, as the client owes the business money for services already rendered.

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