Question

Question 06. A person who owes money to the firm is called. *
Debtor
Creditor
Supplier
None of these
Question 07. Current liabilities do not include,
O
Bills payable
O Outstanding expenses
Oreditors
Debentures
NA​

Answer 1

Explanation:

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Answer 2

Answer:

Ans 6)A debtor is the one who owes money to the firm i.e the firm has an amount receivable from debtor, which is an asset of the firm.

Ans 7)Non Current Liabilities

Bonds payable.

Long term notes payable.

deferred tax liabilities.

mortgage payable.

Capital lease.

Explanation:

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