Accountancy, asked by ijbrahim29, 1 year ago

define any two of the following terms define
1.capital
2. assets
3.revenue

Answers

Answered by sujiritha95
3
Capital -Capital can also mean stock or ownership in a company.

*Capital can refer to funds raised to support a particular business or project.
Capital can also represent the accumulated wealth of a business, represented by its assets less liabilities. 

Assets- Things that are resources owned by a company and which have future economic value that can be measured and can be expressed in INR.

 Examples include cash, investments, 
accounts receivable, inventory, supplies, land, buildings, equipment, and vehicles.

Revenue- Fees earned from providing services and the amounts of merchandise sold.

Eg : amount received from sales, income received from audit , interest income 

hope its useful 

sujiritha95: pls mark it as brainliest answer
Answered by hchandel8pa7ctd
0
Capital:- The amount invested in an enterprise (proprietorship, partnership                      or company) by the owner is called capital. 
              Capital increases by the amount of profits earned and additional                       capital brought in by the owners.
               It decrease by the amount of loss incurred and drawings.

Assest:- The term Asset implies the items of property owned by the                               business.                                                                                                           An asset is any owned physical object (tangible) or right                                   (intangible) having a money value.                                                                     Asset is any cost benefiting a future period.
Similar questions