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When Capital is increased by an amount, it is recorded on the: ( Right or credit side of the account - Left or credit side of the account )

Accounting
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Question added by Mohamed Abdelrahman , Senior Accountant , Msafat Company
Date Posted: 2013/06/12
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Deleted user
by Deleted user

Left or credit side of the account

Muhammad Nouman Shafique Awan

right/credit side..
the logic behind is that the company owe money to the owner..
same as the case in increase in liability which is also credited in accounts.

Bilal Yaqoob
by Bilal Yaqoob , GL Supervisor , Leejam Sports Company

Right or credit side of the account

Nouman Masood
by Nouman Masood , General Accountant , Ascend Advance Health Care Solutions

On the credit side of the capital account.

Mohamed Abdelrahman
by Mohamed Abdelrahman , Senior Accountant , Msafat Company

Right or credit side of the account

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