Quiz final a/c 4

Debtors are the persons

• To whom business owes money

• Who owes money to business

• Supplies

• Nota

Creditors are the persons

• Who owes money to business

• To whom business owes money

• Buyers

• Sellers

Cash in hand is an item of

• Current assets

• Fixed asset

• Current liabilities

• Long term liabilities

Creditors is an item of

• Current liabilities

• Current assets

• Income

• Expenditure

Debtors is an item of

• Current liabilities

• Current assets

• P and L account

• Nota

Bills receivable is

• Liability

• Assets

• Income

• Expenses