Business Studies, asked by 4172, 2 months ago

who is the creditors of company​

Answers

Answered by preetishah8860
1

Answer:

Simply put, a creditor is an individual, business or any other entity that is owed money because they have provided a service or good, or loaned money to another entity. As a business owner, there are two types of creditors you're likely to be dealing with on a regular basis - (i) loans and (ii) trade creditors.

Explanation:

I hope it will help you.

Answered by mouazzam300
0

Answer:

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Explanation:

Creditors may be suppliers or people who have provided credit to an individual or company. When somebody takes out a loan with a bank, the creditor is the bank, and the borrower is the debtor. A company's employees may be creditors when the firm owes them wages and bonuses, as are governments (owed taxes).

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