A creditor is any person who has an ownership interest in a

A creditor is any person who has an ownership interest in a business True False ave

Solution

Q.A creditor is any person who has an ownership interest in a business.

Answer: False

Explanation:

Ownership interest means the possession of equity in the capital, the stock or the profits of the business entity.

- In a sole proprietorship, owner has ownership interest.

-In a partnership firm, Partners have ownership interest.

-In a company, members have ownership interest.