Answer Posted / hema
A creditor is a person who loans money to another person.
The person who gets the loan is called the borrower.
Creditors are sometimes called moneylenders. Creditors
expect the borrower to pay the money back at a later time.
The creditor usually gets extra money from the borrower.
This money is called interest.
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in
What is Trade Recovery Estimate and how can we calculate it?
what is contigent liabilities? whats it status in balance sheet?
what do you mean indirect expanse in trading business?
what is forecast
what is a meaning of track record in tally software when we maintain the inventory entry what is role of track record
wages posted twice what is the entry for that?
my qustion is what is H foam and where use
pls send me capital iq quition paper pls, ihave 2mr interview thanks
Expand---------NPTO
What is the Technology used to carry out trades?
How do you handle lack of direction or working in chaos
What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books
What was key roles of Cashflow statement and Fund flow statement and Balnsheet..?
how will i develop my fears in interviewd?