Practice mode Accounting

When a person buys goods on credit, what do they become in the seller’s books?

Correct answer C. Debtor

Explanation

A credit buyer owes money to the seller, and anyone who owes the business money is recorded as a debtor.

Report a problem

Answer checked How we write and check questions

Tip: press A, B, C or D to answer, and N for the next question.

Advertisement

Have a question about this answer?

Your email address will not be published. Required fields are marked *

Links and website addresses are not allowed in comments.