Answer / sallu

business receives capital from business person, so the person is the creditor of business and the capital so received is the liability of business, thats why it is credited in the liability side of the balance sheet.

Answer / nadhiya

Debit the receiver. Credit the giver. So this rules
applicable for Capital A/c. Capital received from owner so
capital a/c is Cr.

Answer / barodianbuddy(acca)

CAPITAL IS POSTED ON JOURNAL ON CREDIT SIDE AS OWNER IS CREDITOR TO BUSINESS DUE TO HIS INVESTMENT. ITS SHOWN IN STATEMENT OF FINANCIAL POSITION ON LIABILITY SIDE UNDER EQUITY SECTION AS SHARE CAPITAL OR EQUITY ACCORDING TO IAS 1.

Answer / raju

Company owe money from the owner so,that the owner is creditor of company so capital is liability to the company that is why its posted on credit side

being a b.sc(biotechnology) student, am i eligible to work in accounting sector. If yes what all i need to do.???

1 Answers  

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instead of clicking backup,i selected restore in tally7.2 and all my data is lost and i also forgot the comapny name,which i wanted to restore?how to recover my data?

1 Answers  

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Do is it proper fo an engineer to head a bank without a good backgroud in accounting? ?

0 Answers  

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Capital secure should be shown in which side of the balance sheet?

0 Answers   ICAI,

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what is break even analysis ?

2 Answers   TCS,

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what is prime cost &overhead cost

1 Answers   ADP,

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opening stock rs.6000 purchases rs.22000 cash sales rs.18000 credit sales rs.12000 calculate closing stock if rate of gross profit on cost of goods sold 25%.

3 Answers   State Bank of Mysore SBM,

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what is cenvat

2 Answers  

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What do you debit and credit if discount allowed is underrated?

0 Answers  

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What is tds and how it is calculated?

0 Answers  

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i have paid the vat amount for the financail year 2009-2010 in the financail year 2011-2012.how to pass journal entries

3 Answers  

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i want make credit card ledger. which group under its come?

4 Answers  

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