Question

09.10 Explain the following
Capital
Drawing
Debtors
creditars
Liability
​

Answer 1

Answer:

Capital=Capital assets are assets of a business found on either the current or long-term portion of the balance sheet.

Drawing =withdrawal made for personal use.

Debtors= individual or organisation that owes the money.

Creditor =individual, business or any other entity that is owed money because they have provided a service or good, or loaned money to another entity.

Liability =A liability is something a person or company owes, usually a sum of money.

Explanation:

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