Amount which the proprietor has invested in a business is known as ......

Amount which the firm owes to outsiders is known as.....

Current Liabilities include:

Assets held for continued use in the business and not meant for resale are termed as..........

.......... are those assets which have a physical existence and which can be seen or felt.

Amount withdrawn by the owner for personal use......

If total assets of a business are rs 10,00,000 and capital is rs 4,00,000. Calculate Creditors......

Which of the following equation is correct.....

The persons who still owe some amount to the business are termed as ..........

The persons to whom money is owing by the firm are termed as ........

.......... Refers to those liabilities which are to be paid normally with in one year.

The term SALES is used only for the sale of .........and is never used for the sale of any asset.

Expenses which are yet to be paid is known as

Expenses which are paid in advance is......

Paid Rent results in

Sold goods on credit effects on

Withdraw goods for personal use affects on

Purchase goods for cash affects on

Received commission effects on