What do you mean credit balance of capital account in hindi?
Answers
A capital account having a credit balance means your business owes you that much amount, while if a capital account has a debit balance it means you owe your business that much amount or we can also say that you have overdrawn your capital account.
In hindi
क्रेडिट बैलेंस रखने वाले पूंजी खाते का मतलब है कि आपका व्यवसाय आपके पास उतनी राशि बकाया है, जबकि अगर किसी पूंजी खाते में डेबिट शेष है तो इसका मतलब है कि आप अपने व्यवसाय का ज्यादा हिस्सा देते हैं या हम यह भी कह सकते हैं कि आपने अपने पूंजी खाते को ओवरड्राइव किया है।
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Explanation:
Asset accounts normally have debit balances, while liabilities and capital normally have credit balances. Income has a normal credit balance since it increases capital . On the other hand, expenses and withdrawals decrease capital, hence they normally have debit balances