According to which concept, the proprietor pays interest on drawings

Related MCQs

• The proprietor of the business is treated as creditor for the capital introduced by him due to_____ concept.
• A partners has to pay interest on drawings what is the entry in the personal A/c of the partner?
• Value of goods withdrawn by the proprietor for his personal use should be credited to ____
• Drawings of the partners are:
• When Branch pays expenses for H.O. the following account is debited in the books of the branch _______
• An incoming partner pays his share of goodwill in cash, and profit sharing ration of old partner is changed, Goodwill be distributed among old partners:
• A is drawing Rs. 500 regularly on the 16th of every month, he will have to pay interest in a year on Rs. 6000 for the total period of @ given rate of interest):
• Human resources will not appear in the balance sheet according to ______ concept.
• Small items like, pencils, pens, files, etc. are written off within a year according to ___ concept.
• Business enterprise is separate from its owner according to _____ concept.