COST ACCOUNTING
FINANCIAL TERMINOLOGY
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Capital
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Fixed Assets
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Turnover
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Cost of Sales
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Fixed Liabilities
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Detailed explanation-1: -Startup capital is the money a business owner needs to start up a new company. This funding helps the business meet its initial costs, such as office space or equipment.
Detailed explanation-2: -Capital is a broad term for anything that gives its owner value or advantage, like a factory and its equipment, intellectual property like patents, or a company’s or person’s financial assets. Even though money itself can be called capital, the word is usually used to describe money used to make things or invest.
Detailed explanation-3: -Startup capital is the money raised by an entrepreneur to underwrite the costs of a venture until it begins to turn a profit. Venture capitalists, angel investors, and traditional banks are among the sources of startup capital.