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where we posted capital ac in sole trader balance sheet and
why?

Question Posted / venkatesh

Answers were Sorted based on User's Feedback



where we posted capital ac in sole trader balance sheet and why?..

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

where we posted capital ac in sole trader balance sheet and why?..

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

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