Question

Define the following terms:
i. Capital
ii. Drawingsiii. Debtors
iv. Creditors

Answer 1

Answer:

capital :- anything that is inserted or got into the business for some use is capital like cash, personal things of business man

drawing:- when any payment is made out of business funds it's called drawing

debtors are the people from whom we have to take money

creditors are the one whom we have to pay money