Accountancy, asked by khanlaiba6527, 1 month ago

what Sieber business owes to the owner is called capital ​

Answers

Answered by dhamija326
0

Answer:

Explanation:

If an amount is invested in business by the proprietor, it is termed as  Capital and is shown in the credit side,  It means that the business is to repay the amount to the proprietor that is why this is shown in the credit side.

The statement is correct that the terms is called Capital

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