Who brings capital in entrepreneurship?
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The capital account of the proprietor is shown as the owner's in the company balance sheet. Partners in a company and limited liability partnership (LLP) company hold capital accounts. When they enter, the individual is making a capital commitment to the business, investing in the business.
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Answered by
1
Answer:
The capital account of the proprietor is shown as the owner's in the company balance sheet. Partners in a company and limited liability partnership (LLP) company hold capital accounts. When they enter, the individual is making a capital commitment to the business, investing in the business.
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