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why we are considering the net profit as liable in balance
sheet
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Answer Posted / ankesh gupta
Because in accounts we separately treat enterpreneur and
business.net profit is earned by business and then its
becomes liability of the business to pass it on to
enterpreneur.so net profit is added to capital of the
business.
by ankesh gupta
email id:- gupta_ankesh@rediffmail.com
any adition or alteration will be highly appreciated.
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