why we should add net profit to captial in balance sheet
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Therefore, profit is recorded on the liability side of balance sheet since it is the liability of the business towards the owner of the business. Profit is added to capital, and when the business is liquidated, it is withdrawn by the owner after paying all the debts. ... Because if there is profit, we add to capital.
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ohh..good to hear you from Ap
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Mee too from Ap,Prakasam district...✌️☺️
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