explain the meaning of any three of the following term creditor entity trade receivable
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explain the meaning of any three of the following term creditor entity trade receivable
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Answer:
Creditor: creditor refers to the party that has delivered a product, service or loan.
Entity: An entity is something that exists by itself, although it need not be of material existence.
Trade receivable: Trade receivables arise when a business makes sales or provides a service on credit.
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