Question

The liability arising from the purchase of goods on credit is called
Select one:
a. Loan
b, Creditors
O c. Accounts Receivable
O d. Payable expenses​



answer plsss

Answer 1

Answer:

creditor

Explanation:

A creditor or lender is a party that has a claim on the services of a second party. It is a person or institution to whom money is owed. The first party, in general, has provided some property or service to the second party under the assumption that the second party will return an equivalent property and service