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Why an owner's capital to be …

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Why an owner's capital to be as liability

    • Posted by Praveen Kumar 8 years, 7 months ago

    CBSE > Class 11 > Accountancy
    • 1 answers

    Ujjawal Gupta 8 years, 6 months ago

    When we see from the side of business, Owner's capital is a liability for the firm. It is because the firm has to give back more or equal the amount contributed by the owner. So according to Business entity principle Owner and business are seperate.

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