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

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Question

Answer in one sentence only.

Why Proprietor’s Capital account is a liability for the business?

One Line Answer
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Solution

Capital invested in the business by the proprietor is an asset for the proprietor and liability for the business.

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Chapter 4: Ledger - Exercises [Page 114]
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