Question

why are the rules of debit and credit same for both liability and capital. ​

Answer 1

Answer:

The rules of debit and credit are the same for both liability and capital because capital is also considered a liability with the viewpoint of business.

Answer 2

Answer:

because of Business Entity Concept

Explanation:

Rules of debit and credit for liability and capital are same because of Business Entity Concept . According to the concept , business is a separate and distinct entity from its owner .