Question

Explain the following terms and give example also:

A. Assets

B. Capital

C. Goods​

Answer 1

Answer:

A) ASSETS: property of any kind owned by a businessman. The ownership of the asset must be with the business unit. Eg. Plant and machinery, land and buildings

B) CAPITAL: the total amount invested by the owner in the business.

C) GOODS: the commodities or articles in which the trade deals.

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