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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
answered-by-expert 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
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 14 Jun, 2016, 11:36: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 14 Jun, 2016, 11:36: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 14 Jun, 2016, 11:36: AM
ANSWERED BY EXPERT ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 01 Jul, 2016, 03:14: PM
ANSWERED BY EXPERT ANSWERED BY EXPERT
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