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why are capital account shown in liabilities side what is
meaning of capital account in balance sheet
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Answer Posted / savithri
When we startup business we have to open a a/c in bank
like OD, OCC or we have to deposit amt from our personal
a/c. bank OD R OCC is shortterm loan or longterm loan. All
bank term loan coming under liabilities a/c. so it is in
liabilities side of b/s.
| Is This Answer Correct ? | 3 Yes | 12 No |
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