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Tally doubt
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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