Business Studies, asked by vanshikadudeja79561, 2 months ago

Ganesh started business with cash 2 lakhs then in this case who is debtor and who is creditor

Answers

Answered by rashmijoshi98
1

Answer:

Ganesh is creditor

Business is debtor

Explanation:

As Ganesh had started a business with ₹2lakh ,it means he had invested in business , which will repay him in near future .

So as business point of view ,Ganesh is creditor as business(Artificial Person having separate legal entity) will pay to him ,and business is debtor for Ganesh as Ganesh will earn money in near future .

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