Is capital account a personal or real account and why?
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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.
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.
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