Explain the following terms: (a) Debtor (b) Creditor (c) Assets (d) Liabilities (e) Capital (f) Drawings (g)

Question:

Explain the following terms:

(a) Debtor

(b) Creditor

(c) Assets

(d) Liabilities

(e) Capital

(f) Drawings (g) Revenue (h) Expense

(i) Income (j) Losses

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting For Hotels

ISBN: 9781259004940

1st Edition

Authors: Prasanna Kumar JP, Linda Nalini Danie, Mruthyunjaya V. Pagad

Question Posted: