07.
Which of the following issued by an entity is treated as liability?
Answers
Answered by
22
Answer:
The concept of business entity assumes that business has a distinct and separate entity from its owners. It means that for the purposes of accounting, the business and its owners are to be treated as two separate entities. Keeping this in view, when a person brings in some money as capital into his business, in accounting records, it is treated as liability of the business to the owner.
Answered by
5
Explanation:
aahandar plz ff ki uid do
Similar questions