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

Answer

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.

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