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Fill in the blanks : (i) Amount which the proprietor has invested in a business is known as …………… (ii) Amount which the firm owes to outsiders is knows as …………… (iii) …………….. Is the cost incurred in producing goods andservices. (iv) Revenue means the income of a ................ nature. (v) Theterm 'sales ' is used only for the sales of ..................... and is never used for the sale of ................. (vi) The persons who still owe some amount to the business are termed as ................. (vii) The persons to whom money is owing by the firm aretermed as ................... (viii) Assets held for continued use in thebusiness and not meant for resale are termed as ..................... (ix) ................... are those assets which have a physical existence and which can be seen or felt. (x) .................. refer to those liabilities which areto be paid normally within one year.

Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :(i) Capital(ii) Liability(<a href="https://interviewquestions.tuteehub.com/tag/iii-497983" style="font-weight:bold;" target="_blank" title="Click to know more about III">III</a>) Expenses <br/> (iv) <a href="https://interviewquestions.tuteehub.com/tag/regular-1182473" style="font-weight:bold;" target="_blank" title="Click to know more about REGULAR">REGULAR</a> or recurring(<a href="https://interviewquestions.tuteehub.com/tag/v-722631" style="font-weight:bold;" target="_blank" title="Click to know more about V">V</a>) Goods, Assets(vi) Debtors<br/> (vii) Creditors(viii) <a href="https://interviewquestions.tuteehub.com/tag/fixed-457597" style="font-weight:bold;" target="_blank" title="Click to know more about FIXED">FIXED</a> Assets(ix) Tangible Assets<br/> (x) Current Liabilities.</body></html>


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