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Amount invest...

Question

Amount invested by the owner in the firm is known as capital. It can be in form of:

A

Cash Only

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B

Assets Only

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C

None of the above

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D

Both A & B

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Solution

The correct option is D
Both A & B

Amount invested by the owner in the firm is known as capital. It may be brought in the form of cash or assets by the owner.

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