According to which concept, proprietor of a business is treated as a creditors to the extent of his capital

Related MCQs

• Cash paid to creditors + closing creditors – opening creditors =
• _________ liabilities represent proprietor’s equity, i.e. all thoseamount which are entitled to the proprietor
• Income tax paid by a sole proprietor from his business income should be:
• Under which of the following concepts are shareholders treated as creditors for the amount they paid on the shares they subscribed to?
• Income tax paid for the proprietor from the business is
• Value of goods withdrawn by the proprietor for his personal use should be credited to ____.
• If Building (closing) Rs.100,000, Land (opening) Rs. 100,000, Creditors (opening) Rs.10,000 then opening capital:
• ` 1,250 paid for the residential telephone bill of the proprietor which of these accounts will be detailed
• The premium paid on the life policy of the proprietor is debited to
• Withdrawals by proprietor would