capital is an excess of assets over?
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Amount invested by the owner in his firm is known as capital. ... It is, therefore, shown as capital on liabilities side of the balance sheet It refers to the money or money's worth introduced or invested by the proprietor in the business. It is the excess of assets over liabilities.
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Amount invested by the owner in his firm is known as capital. ... It is, therefore, shown as capital on liabilities side of the balance sheet It refers to the money or money's worth introduced or invested by the proprietor in the business. It is the excess of assets over liabilities. It is also called as owner's equity.
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