Question

Building sold on credit is ___ of funds

Answer 1

is..

♏♏♏♏principal♏♏♏♏

Answer 2

The building sold on credit is the source of funds.

• Credit-sold assets are recorded in the sales diary. They generate a temporary source of money.
• Creditors are the people who buy products on credit from other people.
• The individual, corporation, or organization from whom the business purchases products or services on credit is referred to as the business's creditors.
• 'Sold products on credit' refers to the sale of goods on credit, i.e. supplying things to the consumer with the hope of obtaining payment in the future.
• This amount due by the debtor increases the company's accounts receivables and is a current asset.