A person from whom such goods in which the firm deals are purchase on credit basis is called as ___?

A. Tread Debtor
B. Tread Creditor
C. Supplier
D. Account Payable


Correct Answer: D. Account Payable

Detail about Mcqs

A person from whom goods are purchased on a credit basis is referred to as an “Account Payable.” This represents a liability for the purchasing firm, indicating that they owe money to the supplier for the goods purchased.

Write a Comment

Your email address will not be published.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