Question : Firms property is applied for payment of__________
Option 1: Private debt
Option 2: Firm's debt
Option 3: Capital
Option 4: None of these
Answer (1)
22nd Jan, 2024
Correct Answer: Firm's debt
Solution : Answer = Firm's debt.
The firm's property is applied for the payment of the firm's debt. This means that assets owned by the firm are utilized to settle obligations owed by the firm, which primarily include liabilities such as loans, bonds, or other forms of debt.
Hence, the correct option is 2.
Comments (0)
