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Capital is asset of the company. But why does it appear in
Liability side of the balance sheet.
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Answer Posted / abdul gafoor
capital not an asset capital is liability of the company.
beacause capital indradused owner (proparitor) .copmpany
liayable of owner. the main consept of accounting
business entity consept (owner and business is sepperate)
owner main aim of profit the goal acheved he indradused
capital company very liayable of capital
| Is This Answer Correct ? | 2 Yes | 1 No |
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