Question:
Creditor is a
Creditor is a
Show Hint
Creditor = Person who is to receive money. Debtor = Person who owes money.
Updated On: Jun 15, 2026
- person or body corporate that lends, or provides goods or services on credit
- person who owns a company.
- person who is bankrupt.
- person who is unable to make payments.
Show Solution
Verified By Collegedunia
The Correct Option is A
Solution and Explanation
Concept:
A creditor is a person or organization to whom money is owed by another person or business.
Step 1: Understand the role of a creditor.
A creditor supplies money, goods, or services with the expectation of future payment.
Step 2: Distinguish between creditor and debtor.
A creditor is the person who is to receive payment. A debtor is the person who has to make payment.
Step 3: Analyze the options.
Option (A) correctly describes a creditor. The remaining options describe owners, bankrupt persons, or defaulters.
Step 4: Select the correct answer.
Hence, \[ \boxed{\text{Option (A)}} \] is the correct answer.
Step 1: Understand the role of a creditor.
A creditor supplies money, goods, or services with the expectation of future payment.
Step 2: Distinguish between creditor and debtor.
A creditor is the person who is to receive payment. A debtor is the person who has to make payment.
Step 3: Analyze the options.
Option (A) correctly describes a creditor. The remaining options describe owners, bankrupt persons, or defaulters.
Step 4: Select the correct answer.
Hence, \[ \boxed{\text{Option (A)}} \] is the correct answer.
Was this answer helpful?
0
0
Top TG ICET Communication Ability Questions
- Having or showing an unusual aptitude for discovering, inventing, or contriving is called:
- The glory of Annamayya is eternal. Choose the correct word that best matches the meaning of the underlined word:
- Though a great scholar, he is quite unassuming. Choose the correct word that best matches the meaning of the underlined word:
- I cannot do this work. I am a novice. Choose the correct word that best matches the meaning of the underlined word:
- There was something odd about her behaviour. Choose the correct word that best matches the meaning of the underlined word:
View More Questions
Top TG ICET Business Terminology Questions
- Short-term assets minus accounts receivable and inventory, divided by short-term liabilities is called
- Which of the following practices does not come under Amortization?
- A financial statement listing a company’s assets as of a specific date, usually the last day of a company’s fiscal quarter.
- The economic value of a worker's experience and skills, including education, training, intelligence, and health.
- Expand the term KPI.
View More Questions
Top TG ICET Questions
- What is the average of the integers 1, 2, 3, 4, and \(x\)? Statement (I): \(x\) is an even integer. Statement (II): \(x<10\)
- What is the average of \(x,y,z\) and \(t\)? Statement (I): \(x+z=12\) Statement (II): \(y+t=24\)
- What is the sum of the first 30 terms of an Arithmetic Progression? Statement (I): The common difference of the A.P. is 5. Statement (II): The first and the last terms are 2 and 60 respectively.
- In triangle \(ABC\), is \(\angle A\) obtuse? Statement (I): \(\angle C\) is acute. Statement (II): \(\angle B\) is obtuse.
- What is the circumference of the regular hexagon? Statement (I): The radius of the circumcircle of the hexagon is \(6\) cm. Statement (II): Each side of the hexagon subtends an angle of \(60^\circ\) at the centre.
View More Questions