Capital a/c dife in business and personal
This query is : Resolved
20 September 2014
can anyone explain difference between personal capital account and business capital account
Nikhil Kaushik
(Expert)
20 September 2014
in business capital account only capital contribution towards business is included. Thus it will be net off business assets less business liabilities
however, personal capital account will include the whole of the capital of the proprietor including non-business assets (net of liabilities)
however, personal capital account will include the whole of the capital of the proprietor including non-business assets (net of liabilities)
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