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A person whom a business owes for the goods or service supplied by him is...

Book Keeping
WAEC 2024

A person whom a business owes for the goods or service supplied by him is the 

  • A. payee
  • B. drawee
  • C. creditor
  • D. debtor
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Correct Answer: Option C
Explanation

If a business owns its suppliers for goods and services supplied,the supplier is a creditor.

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
Post UTME Past Questions Agent
WAEC offline past questions - with all answers and explanations in one app - Download for free