_________ liabilities represent proprietor's equity, i.e. all thoseamount which are entitled to the proprietor

Name: _________ liabilities represent proprietor's equity, i.e. all thoseamount which are entitled to the proprietor
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Internal liabilities represent the proprietor's equity because they refer to the amount of capital that belongs to the owner of the business. This contrasts with external liabilities, which are owed to outside parties.

_________ Liabilities Represent Proprietor's Equity, I