find the odd one and state reason a) debtor b) creditors c) cash at bank d) stock
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Answer:
option D
Explanation:
Stock is the odd one because it says about the storage oh things
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The odd one out of the options is b) creditors.
Reasons:
- A company/business has its assets and liabilities. The assets add up to the value of the business, whereas the liability includes losses or the amount that is payable by the business.
- Some common assets are land, property, cash, bank, stock, bills receivable, &, etc. As all these add up to the value of the business.
- Similarly, debtors are the people who owe the money to the business. As they owe money to the business it is a gain for the firm, so again that will be an asset.
- However, creditors are people to whom the business/firm owes the money and has to pay. It is again a loss to the business as we are losing the business money. Thus, it is considered a liability for the business.
- As we notice all the options including (a) debtors, (c) cash at the bank, & (d) stock are assets of any business firm.
- But, only the option (b)creditors is a liability for the business. This is why it will be the odd one out of the given options.
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