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why share capital shown in liability side of a balance sheet
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Answer Posted / ravi sekhar
Share capital is fund created by some group of persons to
start business and to share the profits on proportionate to
their investment and their share can be transferable to any
person,and one more accounting priciple is credit whata
ever comes in and debit what ever goes out, hence the
share capital is shoen as a liability
| Is This Answer Correct ? | 6 Yes | 4 No |
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