Resources owned by a company (such as cash, accounts receivable, vehicles) are referred to as:
Debtors
Assets
Liability
Equity
Resources owned by a company (such as cash, accounts receivable, vehicles) are referred to as the assets of a company.
A company receives Rs 5000 of cash as an additional investment in the company by its owner, Mr. Mahesh. The company's ___ account is debited and ___ account is credited.
___ refers to the investment in all the current assets such as cash, bills receivable, prepaid expenses, inventories, etc. These current assets get converted into cash within a year.
'Interest received and paid' is considered as which type of activity by a finance company while preparing a Cash Flow Statement ?