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How will capital and drawing be treated? The treatment is done on the basis of which accounting principle or concept? Explain both the terms as well.?
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How will capital and drawing be treated? The treatment is done on the ...
As we know that entrepreneur and entrepreneurship is separate from each other capital is an investment for the person in a business so capital is credited and drawing is treated as loss or expense so it is debited .
The accounting principle or concept act as a rules in accounting .It is not used in treating the accounting terms so there is no principle or concept is used ..
Capital-It is tha amount invested by the businessmen in his/her business to earn profit and make livelihood.
Drawing- it refers to amount which is taken from business by businessmen for his/her personal use is known as drawing .Drawing is loss or expense for the business
The accounting principle or concept act as a rules in accounting .It is not used in treating the accounting terms so there is no principle or concept is used ..
Capital-It is tha amount invested by the businessmen in his/her business to earn profit and make livelihood.
Drawing- it refers to amount which is taken from business by businessmen for his/her personal use is known as drawing .Drawing is loss or expense for the business
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How will capital and drawing be treated? The treatment is done on the basis of which accounting principle or concept? Explain both the terms as well.?
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How will capital and drawing be treated? The treatment is done on the basis of which accounting principle or concept? Explain both the terms as well.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about How will capital and drawing be treated? The treatment is done on the basis of which accounting principle or concept? Explain both the terms as well.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How will capital and drawing be treated? The treatment is done on the basis of which accounting principle or concept? Explain both the terms as well.?.
How will capital and drawing be treated? The treatment is done on the basis of which accounting principle or concept? Explain both the terms as well.? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about How will capital and drawing be treated? The treatment is done on the basis of which accounting principle or concept? Explain both the terms as well.? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for How will capital and drawing be treated? The treatment is done on the basis of which accounting principle or concept? Explain both the terms as well.?.
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