Advertisement Remove all ads

Answer in one sentence only Why Proprietor’s Capital Account is a liability for the business? - Book Keeping and Accountancy

Advertisement Remove all ads
Advertisement Remove all ads
One Line Answer

Answer in one sentence only
Why Proprietor’s Capital Account is a liability for the business?

Advertisement Remove all ads

Solution

Amount invested by proprietor in the business is supposed to be returned by business in its life span, therefore it is known as liability for the business.

Concept: Meaning of Ledger
  Is there an error in this question or solution?
Advertisement Remove all ads

APPEARS IN

Advertisement Remove all ads
Share
Notifications

View all notifications


      Forgot password?
View in app×