Question

explain the following terms: (1) capital (2) stock (3) voucher​

Answer 1

Answer:

i) CAPITAL

Capital includes all goods that are made or created by humans and used for producing goods or services. Capital can include physical assets, such as a production plant, or financial assets, such as an investment portfolio. ... Capital can also refer to money invested in a business to purchase assets.

ii) STOCK

Stock means an amount of something that has been kept ready to use. Business : Business refers to the buying and selling as a way of earning money.

iii) VOUCHER

A voucher is an internal document describing and authorizing the payment of a liability to a supplier. It is most commonly used in a manual payment system, where it is part of the system of controls. A voucher typically contains the following information:

• The identification number of the supplier

• The amount to be paid

• The date on which payment should be made

• The accounts to be charged to record the liability

• Any applicable early payment discount terms

• An approval signature or stamp

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