Question

explain the following words in accounting
1.drawing
2.bill receirable
3.capital
4.purchase return​

Answer 1

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Words in accounting:-

$\sf\green{1)Drawings:}$

Withdraws of money or goods by the owner from the business for personal use is known as drawings.

$\sf\green{3) capital:}$

Amount invested by the owner in the firm is known as capital.

$\sf\green{4) Purchase \:return:}$

Purchase return is the goods returned by the trader to supplier.

A debit note is a statement prepared by the buyer of goods through which he intimate the seller that his account has debited for the goods returned or for the allavance claimed.

hope this helps..

Answer 2

Answer:

Mark him as brainlist because I don't know the answer.....just collecting points