Question

Define the following basic accountancy term with example:
i) Revenue ii) Drawing iii) Capital iv) Debtor.​

Answer 1

Explanation:

Revenue-These are the amounts of the business earned by selling its products or providing services to customers,such as commission,interest,dividends,royalties, rent received etc.

Capital-Amount invested by the owner in the firm is known as capital.It may be brought in the form of cash or assets by the owner for the business.

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Answer 2

Answer:

Revenue- It is a income generated from normal business operations and include discounts and deductions for return merchandise.

Drawing -A drawing account is an accounting record maintained to track money withdrawn from a business by its owner.

Capital - Capital is a term for financial assets such as funds held in deposits accounts and /or fonds obtained from special financial sources.

Debtors - A Deptor is a company or individual who owns money.If the debt is in the form of a loan from a financial institution.

Explanation:

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