Question

Why are the rules of Debit and Credit same for both Capital and Liability?
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Answer 1

Answer:

Rule of debit and credit is same for both Liabilities and Capital due to the Business Entity Concept, business is separate from its members and owner, therefore, Owner's Capital is also treated as outside liability for the business. Thus, the rule for debit and credit of Capital is same as that of Liabilities.

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Explanation:

Answer 2

The rules of debit and credit are same for both liability and capital because capital is also considered as liability with the view point of business, In accounting, there is a concept, according to which business and businessman, both are separate and whatever is invested by the owner of a firm in that film is also.