Question 62
Purchase and Sale of GoodsUse the information in the following diagram to answer questions 61 & 62.
T. Orok is the
- A.debtor
- B.acceptor
- C.creditor
- D.drawee
- E.cashier
Show the answer and explanation
Answer: C (creditor)
Explanation
T. Orok drew the bill to be paid to himself, so he is the drawer and creditor who is owed the money.