CBSE Class 11-commerce Answered
Why
are rules of debit and credit same for liability and capital?
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
Expert Answer
Rules of debit and credit are same for liability and capital because of business entity concept. According to the concept, business is a separate and distinct entity from its owner.
Answered by | 01 Jul, 2016, 05:14: PM
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ANSWERED BY EXPERT
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