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Capital is asset of the company. But why does it appear in
Liability side of the balance sheet.
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- JPMorgan Chase, I also Faced
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Answer Posted / dharmendar singh rawat
CAPITAL IS NOT AT ALL ASSTE ITS A LIABILITY, THE QUESTION
IS WRONG.............
capital is a company liability
| Is This Answer Correct ? | 0 Yes | 2 No |
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The following Trial Balance was extracted from the books of Chetan.Do you think that it is correct? If not,rewrite it in the correct form. Debits Rs Credits Rs ------------------------------------------------------------ Stock |8250 | Capital |10000 Purchases |12750 | Sales |15900 Returns outward |700 |Returns inwards |1590 Discount received|800 |Discount allowed |800 Wages & salaries |2500 |Scooty |1750 Rent and rates |1850 |Carriage charges |700 Sundry debtors |7600 |Sundry Creditors |7250 Bank Overdraft |2450 |Bills payable |690
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