Debts owed by a business are referred to as accounts receivables. Hence, Option C is correct.
In economics or in the context of business, debt is an amount of money that is owned by somebody. It is the opposite of a creditor. The one who gives the money to someone is the creditor, and the one who borrows the money is the debtor.
In other terms, it can be described as debt, which is a kind of financial liability or obligation. This is the kind of application where the person can be an adaptor to the creditor.
In terms of debt, it is the thing that is owned by a business and is referred to somewhere in the accounts receivable.
Therefore, Option C is correct.
Learn more about Debts from here:
https://brainly.com/question/19052808
#SPJ1
