9. Which one of the following itemswould fall under the definition of

1.	9. Which one of the following itemswould fall under the definition of a liabilityA. CashB. DebtorC. Owner's equityD. None of these
Answer» ANSWER: c)Owner's equity Step-by-step explanation: Separate entity concept DEFINES that owner and the business both are separate legal entity. Accordingly, owner is treated as the creditors of the business. CAPITAL contributed by the owner is a liability for the business and to be SHOWN in balance SHEET.

9. Which one of the following itemswould fall under the definition of a liabilityA. CashB. DebtorC. Owner's equityD. None of these

Answer»

c)Owner's equity

Step-by-step explanation:

Separate entity concept DEFINES that owner and the business both are separate legal entity. Accordingly, owner is treated as the creditors of the business.

CAPITAL contributed by the owner is a liability for the business and to be SHOWN in balance SHEET.

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9. Which one of the following itemswould fall under the definition of a liabilityA. CashB. DebtorC. Owner's equityD. None of these​

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9. Which one of the following itemswould fall under the definition of a liabilityA. CashB. DebtorC. Owner's equityD. None of these