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WHAT IS THHE PAYMENNT CREDITOR?

WHAT IS THHE PAYMENNT CREDITOR?

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WHAT IS THHE PAYMENNT CREDITOR?

WHAT IS THHE PAYMENNT CREDITOR?

Answer

A creditor is someone that gives or provides credit to a person or to a company.
This someone an either be a person, a bank or a supplier in which they want to owe someone their money.
This someone is called the creditor.
The amounts or the money owed to the creditor are recorded in a company's balance sheet.
When the time came for the creditor to pay the amount, then that will be the payment creditor.

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Virtual Teaching Assistant: Colleen R.
Question Level: Basic
Karma: Free
Upload Date: 5/31/2017

This 10 words question was answered by Colleen R. on StudySoup on 5/31/2017. The question contains content related to Business Since its upload, it has received 139 views.

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