Amount due from other person is known as debt.

Question

Amount due from other person is known as debt.

State whether the following statement are true or false with reason :

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

This statement is True.

Debt is a total sum of money due from a person with whom the business has dealings. Accordingly, a person from whom such debt is due to a business is called the debtor.

4 views Answered 2023-02-05 15:29