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प्रश्न
Giving example, explain the following accounting term:
Capital
उत्तर
Capital- It refers to the amount invested by the owner of a firm. It may be in form of cash or asset.
It is an obligation of the business towards the owner of the firm, since business is treated separate or distinct from the owner.
Capital = Assets – Liabilities.
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संबंधित प्रश्न
Give any three examples of revenues
Distinguish between debtors and creditors; Profit and Gain
Giving example, explain the following accounting term:
Fixed assets
Giving example, explain the following accounting term:
Revenue
Giving example, explain the following accounting term:
Expenses
Giving example, explain the following accounting term:
Short-term liability
Define revenues and expenses?
Explain the meaning of gain and profit. Distinguish between these two term
