Why Capital is Posted in the credit side? Concept of it
briefly .
Answer Posted / barodianbuddy(acca)
CAPITAL IS POSTED ON JOURNAL ON CREDIT SIDE AS OWNER IS CREDITOR TO BUSINESS DUE TO HIS INVESTMENT. ITS SHOWN IN STATEMENT OF FINANCIAL POSITION ON LIABILITY SIDE UNDER EQUITY SECTION AS SHARE CAPITAL OR EQUITY ACCORDING TO IAS 1.
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
When a merchant sales of goods included/charged on packaging charges ,cartages and insurance;i.E :-Indirect income/revenue income and indirect expense/revenue expenditure. Plz suggeste me correct answer.Through messages,mail .
What is the difference between Accruals and Provisions?
Do you know what is icai?
why i want to join Hawkins company
Capital reserve is - a) real account b) nominal account c) personal account d) none of them
How do I record a prior year property tax refund on sale of asset due to overvaluation
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
what is an ideal organisation
Spinoff,Spelloff
Why Is The Distinction Between Product Costs And Period Costs Important?
I have transferred the Plant & machines to our Branch which are located in other state. plz told me how can i show the Machin stk trfr amt in return?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
how to finalised the Balance sheet & profit & loss A/C
Who is the sundry creditors
A loan of 10000 with 10% interest is fully due after 6 month. What will accrue differed, outstanding?