Can 'Capital' be considered as External Liability? Why?
Answers
Answered by
6
Answer:
As per the accounting equation liabilities are equal to the difference between assets and capital. ... Example – Capital, Salaries, Accumulated profits, etc. External Liability – All obligations which a business has to pay back to external parties i.e. lenders, vendors, etc. are termed as external liabilities.
Explanation:
please mark me as branliest
Similar questions