State whether the following statements are True or False-Capital is an asset-

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Toppr Admin · Accepted Answer

False- Capital is a liability- Capital is the fund invested by the owner- as per the accounting entity concept the owner of the business is different from that of the entity- Hence- the amount invested by the owner is an obligation on the part of the entity which has to be returned to the owner-xA0-

State whether the following statements are True or False:
Capital is an asset.

False. Capital is a liability. Capital is the fund invested by the owner, as per the accounting entity concept the owner of the business is different from that of the entity. Hence, the amount invested by the owner is an obligation on the part of the entity which has to be returned to the owner.

State whether the following statements are True or False:Capital is an asset.

False. Capital is a liability. Capital is the fund invested by the owner, as per the accounting entity concept the owner of the business is different from that of the entity. Hence, the amount invested by the owner is an obligation on the part of the entity which has to be returned to the owner.

State whether the following statements are True or False:
Capital is an asset.