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capital is a assets but its shows in liability side. why?
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Answer Posted / rajesh
In my view, the business is different from individual, and
as the capital is introduced from out side so there arises
the liability for its redemption/pay back on business
closure. Although, the same capital is reflected in form of
Fixed Assets and other asset items.
| Is This Answer Correct ? | 2 Yes | 1 No |
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