From the point of view of a business entity, a person or business from which a debt is owing is known as a:
A) debtor.
B) creditor.
C) debitor.
D) bank.

Name: From the point of view of a business entity, a person or business from which a debt is owing is known as a: A) debtor. B) creditor. C) debitor. D) bank.
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Question

Quizplus · Accepted Answer

A debtor is a person or business that owes money or a debt to another person or business. This is the perspective of the business entity, which would be owed money by the debtor.

From the Point of View of a Business Entity, a Person