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Why are rules of debit and credit same for liability and capital?
Most Upvoted Answer
Why are rules of debit and credit same for liability and capital?
Because capital is also a liability for the firm....it is an internal liability.
Community Answer
Why are rules of debit and credit same for liability and capital?
Because both are liability from business point of view
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Why are rules of debit and credit same for liability and capital?
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Why are rules of debit and credit same for liability and capital? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Why are rules of debit and credit same for liability and capital? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Why are rules of debit and credit same for liability and capital?.
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