Tally doubt

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In a Balance Sheet Owner's Capital Account Assets Side Or Liablility side.Its a Long term Secured Loan.Cash From Bank.Owner'S Capital Account Under which Catagery?Please clear may doubt any one.
Replies (3)

Owner's capital account is in Liability side

LIABILITY SIDE UNDER HEAD CAPITAL ACCOUNT

Owner's Capital will always comes under Capital Account,

Liability Side of Balance Sheet.


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