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.

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1 Answers

i. Book-keeping

ii. Capital

iii. Creditor

iv. Transaction

v. Loss

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