Question

Change in the capital A/c of proprietor may occur due to ______ a) Profit earned b) Loss incurred c) Capital Introduced d) All of the above

Answer 1

d) All of the above is the answer.....

Answer 2

CAPITAL ACCOUNT

Change in the capital account of proprietor may occur due to (D) all of the above.

GETTING TO KNOW MORE  ABOUT CAPITAL ACCOUNT :

* A lone proprietor is the only owner of a business. In the company balance statement, the proprietor's capital account is displayed as the owner's.

* Capital accounts are held by partners in a firm or a limited liability partnership (LLP). When an individual joins, they are making a financial commitment to the company and investing in it. The capital share of each partner in the partnership agreement or LLP operating agreement is used to determine their share of gains and losses.

* Shareholders own equity in a corporation. They purchase shares and get dividends based on the number of shares they possess. Based on the shares they possess, they do have voting rights.