The claim of a proprietor of a business entity on its ass...
The claim of a proprietor of a business entity on its assets is................
Liabilities
Capital
Drawings
Funds
Correct answer is C
Drawings is the money withdrawn from a business by its owners for personal use. A drawing account is used primarily for businesses that are taxed as sole proprietorships or partnerships.
Closing stock was overstated. The effect is that ...
Which of the following items is found on the debit side of the trial balance? ...
Use the following to answer the given question BALANCE SHEET: \(\begin{array}{c|c} & N &am...
In a partnership goodwill is recognized when ...
Use the following information to answer the given question \(\begin{array}{c|c} & \text{1/1/86} ...