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What is the diferrence between a balance sheet and a
capital account????
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Answer / harish
Balance sheet shows the overall position of the business.
Capital account shows the stake of owner.
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / yadagiri bhoopathi
Balance sheet shows financial position of the business
entity as on particular date and Capital account shows
financial position of the proprietor / partner in the
particular business in which such capital account is shown.
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / alkesh b. kukadiya
BALANCESHEET SHOWS THE ENTIRE POSITION OF THE BUSINESS.
IT IS A STATEMENT OF AFFAIRS.
IT SHOWS POSITION AS ON PARTICULAR DATE
WHILE CAPITAL ACCOUNT SHOWS THE POSITION OR STAKE OF THE
OWNER.CAPITAL ACCOUNT PREPARED FOR THE WHOLE YEAR AND IT
SHOWS THE POSITION FOR THE WHOLE YEAR.IT REFLECTS THE TOTAL
WITHDRAWALS AND ADDITIONS BY THE PROPRIETOR DURING THE
YEAR.WE CAN FIND CAPITAL ACCOUNT ONLY IN PROPRIETORSHIP
FIRM OR PARTERNERSHIP FIRM MEANS NOT IN CO.
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / libina kutty
balance sheet shows the financial position of an entity at a
particular date
capital account shows postion of proprietor
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / appala naidu duba
balance sheet shows financial position of whole entity but capital a/c shows financial position position of a proprietor/owner and in all forms of business balance sheet is must but in company format no capital a/c is created
| Is This Answer Correct ? | 1 Yes | 0 No |
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