A person who owes money to the business is a __________

Related MCQs

• A _________ is a person to whom business owes money
• A person who owes money to the firm is called
• All those to whom business owes to money are
• X a debtor is declared insolvent and only 25 paise in a rupee is recovered from his estate. If X owes ` 5,000 to Y, Y would debit Cash A/c by —
• The amount of money owed by a business to outsider is called _____
• According to the money measurement concept, the following will be recorded in the books of account of the business:
• Which of the following transactions of a business is/ are recorded in Journal Proper? (i) Purchase of goods on credit (ii) Sale of Office Furniture for cash (iii) Discounting of Bill of Exchange with a bank (iv) Endorsement of a Bill of Exchange in settlement of debt of the business
• Any income or profit derived by carrying on the business or during the course of business is called-
• If an employee of the business files a legal suit on business, it is considered in the books as
• The minimum application money to be paid by an applicant must not be less than …… as per Companies Act.