Maharashtra State BoardHSC Commerce 11th
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Answer in one sentence only Why Proprietor’s Capital Account is a liability for the business? - Book Keeping and Accountancy

One Line Answer

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

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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.

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