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where we posted capital ac in sole trader balance sheet and
why?
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Answer / a.madhu sudhan rao
Capital Account is posted in Liabilities of Balance Sheet
We Treat Sole Trader and Business Different
When we are doing accounts we have to do accounts in
Business Point of view not for SOle Trader
When we are receiving amount from SOle Trader we treat it
as Liability.
In Business Point of View We are taking Loan from Sole
Trader.
| Is This Answer Correct ? | 8 Yes | 2 No |
Answer / r.k.singhal
Capital a/c posted in the liabilities side of balance sheet
because it is a liability of the busines.
| Is This Answer Correct ? | 0 Yes | 0 No |
Ramana,our customer directly deposited into our Bank a/c
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