An individual or organization that owes an amount to a business is known to the business as a:
A)Controller.
B)Bookkeeper.
C)Creditor.
D)Shareholder.
E)Debtor.

Question

Quizplus · Accepted Answer

A debtor is someone who owes money to a business. The other choices are not appropriate because a controller and bookkeeper are employees responsible for financial management, a creditor is a company or organization that is owed money, and a shareholder is someone who owns part of a company.

An Individual or Organization That Owes an Amount to a Business