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Journal Entry: Why capital account is credit ?

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Question added by Falak Sher Khan Khan , Accountant , Star Marketing (Pvt) Ltd
Date Posted: 2016/02/17
Mahnas Chemnad Lesiyath
by Mahnas Chemnad Lesiyath , Finance Manager , Zena Energy DMCC

Separate Entity Concept in accounting clearly states that the business and its owners are separate therefore what fund what is put into the business is credit to the business.

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