The amount invested by the proprietor to start the business is called:

Related Mcqs:

Modern system of book keeping is called______________?

A. Double entry system B. American system C. Single entry system D. Italic system...

Discount received is a/an:

A. Asset B. Expense C. Liability D. Revenue...

Building and furniture are called ____________?

A. Current asset B. Fictitious asset C. Tangible asset D. Fixed assets...

For the business, capital is ____________?

A. Expense B. Liability C. Assets D. All of them...

When owner withdraw cash for its private use, it is called ___________?

A. Profit B. Income C. Expense D. Drawing...