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Categories >> Accounting >> Accounting AllOther


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where we posted capital ac in sole trader balance sheet and 
 Question Submitted By :: Venkatesh
I also faced this Question!!     Rank Answer Posted By  
  Re: where we posted capital ac in sole trader balance sheet and why?
# 1
Capital Account is posted in Liabilities of Balance Sheet

We Treat Sole Trader and Business Different

When we are doing accounts we have to do accounts in
Business Point of view not for SOle Trader

When we are receiving amount from SOle Trader we treat it
as Liability.

In Business Point of View We are taking Loan from Sole
Is This Answer Correct ?    8 Yes 2 No
A.madhu Sudhan Rao
  Re: where we posted capital ac in sole trader balance sheet and why?
# 2
Capital a/c posted in the liabilities side of balance sheet
because it is a liability of the busines.
Is This Answer Correct ?    0 Yes 0 No

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