Question

Is capital account a personal or real account and why?

Answer 1

capital a/c is personal a/c
Debit The Receiver, Credit The Giver

When a prsn gives smthng to the organization, it becomes an inflow and therefore the prsn must be cr. in the books of a/c 's . The converse of this is also true, which is why the receiver needs to be debited.