capital account balance is a dash balance
Answers
capital account balance is a ____ balance?
Capital account balance is a __Credit__ balance.
Explanation :
The capital account shows the credit balance at all times. Capital account displays the amount owed to the owner of that business in any business. Thus the capital account becomes a liability of the business. A capital account represents the balance of all liabilities and always shows a credit balance.
Capital account means the account which is known as the sole proprietor of a firm or the equity of the shareholders of that firm at a particular point of time.
The capital account at the national level represents a country's balance of payments. At the national level, the capital account represents a net record of changes in the assets and liabilities of a country during a year.
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Answer:
Capital account balance is a Credit balance
Explanation:
Sole proprietors and partnerships use capital accounts to track the owner's net investment balance from the perspective of the company. The balance of the capital account is usually a credit balance, but the balance may be debited depending on the level of loss and withdrawal. Account debit balances are usually only possible if the company borrows funds to cover capital losses.