Creditors Include Which of the Following

question 15

Multiple Choice

Creditors include which of the following?

• A)suppliers
• B)financial institutions
• C)employees
• D)all of the above

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Definitions:

Accounts Payable

Liabilities owed by a company to its suppliers or creditors for goods or services purchased on credit.

Note Receivable

A promissory note from the payee’s point of view.

Promissory Note

A written promise to pay a specified amount of money, usually with interest, at a determined future date.

Payee

The person or company to whom the check is payable.