MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

CLEAR

Amount invest...

Question

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

A

Cash Only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Assets Only

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

None of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

D

Both A & B

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

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.

Suggest Corrections

thumbs-up

0

Similar questions

Q. is the amount of investment done by a company in its long-term assets, also known as fixed assets.

Q. The business in which only a single owner arranges the capital is ____________.

Q. The total assets of the firm were Rs. 1,50,000, outside liabilities were Rs. 1,30,000 Capital contributed by the owner is ____________.

Q. ____________ is responsible not only for profits but also for investments made in the center in the form of assets.

Q. The owner of B & Co. paid in additional capital amounting to Rs.

50, 000

in cash. As a result of this.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Overview of Accounting Processing

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon