Capital is asset of the company. But why does it appear in
Liability side of the balance sheet.
Answer Posted / arun kumar.m
According to the Business Entity Concept Owner is separated
from the Business activities, so that capital is invested
by the owner(Founder) in business point of view capital is
liability for business Firm and Owner's point of view
Capital is Asset(investsment).
Is This Answer Correct ? | 14 Yes | 0 No |
Post New Answer View All Answers
Queries for Big4 Articleship : Whether son of CA in practice effects chances.
after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...
what is finance what is bpo why do u want join a BPO types of process in BPO Company's
types of inventory
Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note
With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
how to entry in tally for other person check received
What are the rates of Depreciation? Like machinery items, wooden items?
WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?
What is finance lease
Please share different type of Z report
Dear all, Could you suggest me that if got a job in a/cs in Big org but on payroll of Outsourcing company,What should to prefer the company payroll or job the ?
hi to all i have also cleared sbi exam and my interview is on 26th may 2009.can any one help to prepare for interview
Explain Cash Basis of accounting