Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Journal Entry: Why capital account is credit ?

Account Management
user-image
Question added by Falak Sher Khan Khan , Accountant , Star Marketing (Pvt) Ltd
Date Posted: 2016/02/17
Upvote (0) Views (6) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
Mahnas Chemnad Lesiyath
by Mahnas Chemnad Lesiyath , Finance Manager , Zena Energy DMCC

Separate Entity Concept in accounting clearly states that the business and its owners are separate therefore what fund what is put into the business is credit to the business.

Write Your Answer
More Questions Like This