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Is contributed capital a noncurrent asset or a current asset, and is it a debit or credit?

Accounting Auditing
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Question added by Danish Farid , Tax Associate , Limra Law Firm
Date Posted: 2014/08/12
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Sam Younes
by Sam Younes , Senior Budget & Financial Analyst , Haulotte BilJax

Contributed Capital is a credit balance in the equity section of the Balance Sheet, while the offset is a debit to cash in the current assets above.

Anayatullah Tahir
by Anayatullah Tahir , Finance Manager , Etqan Projects

Contributed capital is neither noncurrent asset not a current asset. It is a part of equity contributed by Common stockholders.

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