Give the word term or phrase which can substitute each of the followin

1.	Give the word term or phrase which can substitute each of the following statement:i. Recording of business transactions.ii. Amount invested in the business by the proprietor.iii. A person to whom the amount is payable.iv. The exchange between two persons.v. Excess of expenses over income.
Answer» i. Book-keeping ii. Capital iii. Creditor iv. Transaction v. Loss

Give the word term or phrase which can substitute each of the following statement:i. Recording of business transactions.ii. Amount invested in the business by the proprietor.iii. A person to whom the amount is payable.iv. The exchange between two persons.v. Excess of expenses over income.

Answer»

i. Book-keeping

ii. Capital

iii. Creditor

iv. Transaction

v. Loss