Question

pippi, the manager of quik mart, deposits the store's receipts in its account at regional bank. as to the receipts, the relationship between quik mart and the bank is

Answer 1

As to the receipts, the relationship between Quik mart and the bank is Creditor and Debtor.

Who is a Creditor and Debtor?

Any individual or organization that owes money to another is said to be a debtor . The debtor often has to pay both the principle and interest on the loan.

Creditors are people or organizations that lent money to another firm and are now owed money. An organization or individual that loans money or offers credit to some other party is known as a creditor.

Debtors are individuals or businesses who owe you money. They are also referred to as "accounts receivable" by you.

To learn more about Creditor

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