Answer Posted / sahil yadav
Capital refers to amount invested by the proprietor in the business.It may be in the form of cash or Asset having amoneta value.It is a liability of business entity to its owner.It is a liability of business eno its owner.It is also termed as Internalliability,Owner'sequity,proprietor'fund,Networth.
It increase with further investment made in the business and the amount of profit earned.It decrease when it is withdrawn(drawings) or loss in the business.
Capital=TotalAsset-ExternalLiability.
| Is This Answer Correct ? | 3 Yes | 3 No |
Post New Answer View All Answers
What is Time capital
Tell me where do generally accruals appear on the balance sheet?
If assume we paid 50/- as an advance for worth or 100/- goods, but our supplier sent only up to 25/- worth of goods. Know my question is that we want to close the transaction now and how it possible? What about vat like tax setups in ap and ar? What about the sweep command in ap?
Explain what does the standard journal entry includes?
What are time sheets? How are they maintained?
can we credit depreciation of the year to the general reserves in a balance sheet of that year? and also enlist some relevant documents or standards?
What is service tax & excise?
What is use of statistics in accounting?
were you happy with the grades you achieved at a-level?
What is the objective of the balance sheet?
If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B
rents part of its building for a monthly fee of $1,250. The rent for the month just past has not been received.
Tell me what is project implementation?
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
what's the difference between impress cash account and petty cash account
