what is the meaning of capital in accounting+1
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Explanation:
Capital is a term for financial assets, such as funds held in deposit accounts and/or funds obtained from special financing sources. Capital assets are assets of a business found on either the current or long-term portion of the balance sheet.
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ᴄᴀᴘɪᴛᴀʟ ɪɴᴄʟᴜᴅᴇs ᴛʜᴇ ᴄᴀsʜ ᴀɴᴅ ᴏᴛʜᴇʀ ғɪɴᴀɴᴄɪᴀʟ ᴀssᴇᴛs ʜᴇʟᴅ ʙʏ ᴀɴ ɪɴᴅɪᴠɪᴅᴜᴀʟ ᴏʀ ʙᴜsɪɴᴇss, ᴀɴᴅ ɪs ᴛʜᴇ ᴛᴏᴛᴀʟ ᴏғ ᴀʟʟ ғɪɴᴀɴᴄɪᴀʟ ʀᴇsᴏᴜʀᴄᴇs ᴜsᴇᴅ ᴛᴏ ʟᴇᴠᴇʀᴀɢᴇ ɢʀᴏᴡᴛʜ ᴀɴᴅ ʙᴜɪʟᴅ ғɪɴᴀɴᴄɪᴀʟ sᴛᴀʙɪʟɪᴛʏ. ʀᴀᴡ ᴍᴀᴛᴇʀɪᴀʟs ᴜsᴇᴅ ɪɴ ᴍᴀɴᴜғᴀᴄᴛᴜʀɪɴɢ ᴀʀᴇ ɴᴏᴛ ᴄᴏɴsɪᴅᴇʀᴇᴅ ᴄᴀᴘɪᴛᴀʟ.
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