Mr Khurana purchases goods of Rs 15,000 on credit from your firm How will you consider Mr Khurana - Accountancy - Recording of Transactions - II

Question

Mr Khurana purchases goods of Rs 15,000 on credit from your firm
How will you consider Mr Khurana? Debtor, Creditor, Investor or
Proprietor

Shruti Mishra · Accepted Answer

Dear Student, Mr Khurana purchases goods on credit from the firm,
he will be considered as Debtor Debtor is the person who has to pay
money to us in the future Hence, the correct option is A (Debtor)
Regards

Mr.Khurana purchases goods of Rs.15,000 on credit from your firm. How will you consider Mr.Khurana?...Debtor, Creditor, Investor or Proprietor.