LOAN FROM BANK WILL REDUCE THE AMOUNT OF CAPITAL ?
Answers
Answered by
0
Answer:
1.False
2.True
3.False
4.True
5.True
Explanation:
1.Loan from bank is a liability,true but on overall affect it is introduced in business and thus will increase the amount of capital.
2.Salary A/c is a nominal account which deals with particular category rather than a person or organization.
3.Profit and loss account shows the profitability of a business,to know the financial position one needs to look up to more than 1 account.
4.Trade discount is given mostly when payments are made promptly or in a given time period.
5.Going concern is the term we use for this assumption.
Answered by
0
Explanation:
True
This statement is correct
Similar questions