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Capital Amount Liabillities and Assets
Why is Capital amount put in Liabillities and not in Assets
carajes
- Jun 17th, 2008
The answer is very simple.One of the basic convention in accounting is separate legal entity.It means the business is different from those who manage it.When i contribute capital in to my business,it is liability to my business to repay it to me.
ravi.sankhyan
- Jun 3rd, 2008
Because there is concept in the business i. e. business entity concept. According to that concept business and its owner,(incase of joint ventures etc) and in case of company its share holers both are...
