1
Question
Amount invested in business by the proprietor is ___________ .
Amount invested in business by the proprietor is ___________ .
Open in App
Solution
The correct option is B Capital
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 for the business entity capital as an obligation and a claim on the assets of business. It is, therefore, shown as capital on the liabilities side of the balance sheet. In other words, the capital means the interest of owner or owners in the assets of the business firm.
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 for the business entity capital as an obligation and a claim on the assets of business. It is, therefore, shown as capital on the liabilities side of the balance sheet. In other words, the capital means the interest of owner or owners in the assets of the business firm.
Suggest Corrections
0
Similar questions
View More
Join BYJU'S Learning Program
Explore more
Join BYJU'S Learning Program
