An owner’s claims to the assets of the business.
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Keep practicing — related questions
- The financial rights to the assets of a business is called
- Property and other items of value owned by a business.
- The debts owing to others by the business is known as
- Assets = Liabilities + Owners equity
- The claim of the proprietor is _________ and that of the outsider is _____________.
- Resources owned by a business are called:
- Mahesh ran a business on borrowed capital. After his sudden demise, all the creditors are doing their best ...
- If capital of the business is Rs. 40,000 and liabilities are Rs. 20,000 then the total assets will be