Math, asked by ranjans844, 4 months ago

9. Which one of the following items
would fall under the definition of a liability
A. Cash
B. Debtor
C. Owner's equity
D. None of these​

Answers

Answered by gohan1711
1

Answer:

c)Owner's equity

Step-by-step explanation:

Separate entity concept defines that owner and the business both are separate legal entity. Accordingly, owner is treated as the creditors of the business.

Capital contributed by the owner is a liability for the business and to be shown in balance sheet.

Answered by Rakshit31052007
0

Answer:

none of these

Step-by-step explanation:

Hope it helps you

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