CameraIcon

SearchIcon

MyQuestionIcon

7

You visited us 7 times! Enjoying our articles? Unlock Full Access!

Overview of Financial Statements

Give the word...

Question

Give the word term or phrase which can substitute each of the following statements :

A person whose assets are sufficient enough to meet business obligations

Open in App

Solution

A person whose assets are sufficient enough to meet business obligations- Solvent

Explanation:
When a person is capable of paying debts, i.e. his/her assets are greater than or equal to the liabilities, then that person can be termed as solvent.

Suggest Corrections

thumbs-up

0

Similar questions

Q. A person whose assets are sufficient enough to meet business obligations is known as ___________ .

Q. Give the word term or phrase which can substitute each of the following statements :

Expenditure on fixed assets which increases the earning capacity of the business.

Q. Write a word or phrase or a term which can substitute each one of the following.

Duties, obligations of business directed towards welfare to society.

Q. Give the word / term or phrase which can substitute each of the following statement.

Assets which are held in the business for a long period.

Q. Write a word or phrase or a term which can substitute each one of the following.

The newest management strategy about social obligations of business.

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

Overview of Financial Statements

Standard XI Accountancy

Join BYJU'S Learning Program

CrossIcon