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Mr. Sunrise starts with Rs 5,00,000, buys stationery worth Rs 1,50,000 from Mr. Peace on credit. Who is the creditor?
AMr. Ravi
BMr. Sunrise
CMr. Peace
DThe clerk
Answer & Solution
Correct answer: C. Mr. Peace
Mr. Peace supplied goods on credit and must be paid, so he is the creditor for Rs 1,50,000.
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