Accountancy, asked by neenumaryjames30, 8 months ago

why capital in liability side in balance sheet​

Answers

Answered by ashishchauhan8413
2

Answer:

because capital is liability for firm......

Answered by princejeetkaur07
6

Answer SINCE CAPITAL IS BELONG TO THE OWNER, AND RESPONSIBILITY OF BUSINESS TO PAY BACK CAPITAL TO THE WHEN BUSINESS IS WINDED UP. HENCE , CAPITAL IS A LIABILITY OF THE BUSINESS

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