COST ACCOUNTING
FINANCIAL TERMINOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which term describes individuals / organisations who owe money to an enterprise?
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Debtors
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Creditors
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Investors
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Customers
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Share Holders
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Explanation:
Detailed explanation-1: -A Debtor is one of the major terms of accounting. A debtor is a person or an entity that owes money to another, which could be any individual or institution (including the government).
Detailed explanation-2: -Accounts receivable refer to the outstanding invoices that a company has or the money that clients owe the company.
There is 1 question to complete.