Question

Idenfity the Current Liability: cash $10000 Bank $4000 Bank Loan $8000 Trade Payable $2000 Machinery $ 10000​

Answer 1

A number of things contributed to the end of the East India Company. It acquired control of Bengal on the Indian subcontinent in 1757, and, as the company was an agent of British imperialism, its shareholders were able to influence British policy there. This eventually led to government intervention.