Explain the following terms as used in business. a.) Debtor b)Creditors c.) Goods d.) Assets

      

Explain the following terms as used in business.
a.) Debtor
b)Creditors
c.) Goods
d.) Assets

  

Answers


sharon
a.) Debtor
A person or organization who owes money to another.
b.) Creditors
A person or organization to whom money is owed
c.) Goods
These are items bought for the purpose of resale.
d.) Assets
These are property of all kind owned by an individual, a business or any other organization and to which a monetary value is attached. There are two types of assets:
sharon kalunda answered the question on February 22, 2019 at 14:01


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