WAEC Book Keeping 2024 Objective — Question 23

Question 23 of 40 from the West African Examinations Council (WAEC) Book Keeping 2024 Objective paper, with the correct answer and a full explanation.

23. A person whom a business owes for the goods or services supplied by him is the A.

A. payee.
B. drawee.
C. creditor.Correct
D. debtor.

Explanation

If a business owes its supplier for goods and services supplied, the supplier is a creditor.

Sign up free to unlock

Score tracking
Practice history
Saved questions
Progress dashboard
Personalized sessions
Weak-topic breakdown

…and/or go further with premium services and No Ads.

Create free account

More questions from Book Keeping 2024 Objective More Book Keeping past papers