Question

What is mean by expenditure ,receipt ,outanding,capital ,liblities,asset,depreciation ,surpuls,?

Answer 1

Expenditure =Any payment of cash incurring a liability for the purpose of acquiring assets ,goods and service .
Capital =the a.ount that is invested by the honour of the business in the business is known as capital .
Liability= liability is the amount which the firm has to pay to the outsiders in the future.
Assets=assets are future economic benefit owned by business which are acquired at the measurable money cost.