Question 37
Accounting EquationThe owner's claim on the asset of a business is
- A.capital.
- B.loan.
- C.liabilities.
- D.drawings.
Show the answer and explanation
Answer: A (capital.)
Explanation
Capital is what the business owes its owner.
The owner's claim on the asset of a business is
Answer: A (capital.)
Capital is what the business owes its owner.