capital is a assets but its shows in liability side. why?
Answer Posted / amal roy
here business and personal matter is different as per aspect
of business .business or comapny or organisation borrowed
money from people or individual . so business has
responsible to pay the borrowing . so that capital is
showing libilities site in balance sheet.
| Is This Answer Correct ? | 41 Yes | 1 No |
Post New Answer View All Answers
Why does the accounting equation have to balance?
How to calculate Gratuity & when it's applicable to employee after three years or Five years?...
Do you know retail banking?
how will rectify the error in trial balance.
How much mathematics knowledge is necessary or required in accounting?
why creditors a/c dr. to discount received a/c ?
What does the word credit mean in terms of accounting?
Are you comfortable with cold-calling?
sir i want know how to fill vat return
Who uses accounting?
In the Manufacturing IF QC reject the material. Then where to record rejected material amount.
how to upload ledgers in excel or word document
what is the due date of 28th feb
what is the format of salary slip when basic , D.A.H.R.A. ,conveyance allowence , concluded and in deduction part P.F. E.S.I. & P.Tax.
Do you think accounting standards are mandatory and why?