where we posted capital ac in sole trader balance sheet and
why?
Answer Posted / 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 |
Post New Answer View All Answers
Why in a cash book receipts are debited while the same if received in our books recepits are credited. Why does cash book have a rule to debit receipts and credit payments. For example if am paying the cash that i owe the company or firm i debit in my books(cash) on the debit side and should credit in the cash book but i cant do that cash book take receipts on the debit side as per the general . please clarify many thanx in advance
EXPAND___________NAA
income from depreciated asset is profit or loss?
Please let me know what to answer how long you prepared for SBI exam? if selected your credit goes to whom?
What is Accommodation Bill
what is the difference between Assets Allocation & Security selection?
how will you create the posting periods 3 and 5 or 5and 7?
Expand---------DBPC
plz tell me the finance questions asked in hsbc latest question asked in hsbc?
What is the content of purchase order? n content of voucher? what is the main use of voucher.
How i pass the share holders capital entry in Tally? How to set this option in Tally?
Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector
how we could adj. the entries of prop. & firm in merging time
Expand-------ATBN
please send me last 3 years question & solution