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Categories >> Accounting >> Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions (427)
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 Taxation interview questions  Taxation Interview Questions (1897)
 Accounting General interview questions  Accounting General Interview Questions (2805)
 Accounting AllOther interview questions  Accounting AllOther Interview Questions (4359)
Question
where we posted capital ac in sole trader balance sheet and 
why?
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
 
Answer
# 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
Trader.
 
Is This Answer Correct ?    8 Yes 2 No
A.madhu Sudhan Rao
 
Answer
# 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
R.k.singhal
 
 
 

 
 
 
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