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Why rule of Debit and credit …

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Why rule of Debit and credit is same for both liabilities and capital ?

    • Posted by Mohan Rawat 6 years, 10 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Mohan Rawat 6 years, 10 months ago

    No the correct answer isbecause they are same for the business I.e, .liabilities are the obligation of business to war outsiders and capital towards owner.because of Business entity concept

    2Thank You

    Ajay Choudhary 6 years, 10 months ago

    Because assets equal to liabilities or capital

    1Thank You

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