Meaning and Fundamentals of Double Entry Book-Keeping — Book Keeping & Accountancy STD 11 Commerce / Arts — Question
Maharashtra BoardEnglish MediumSTD 11 Commerce / ArtsBook Keeping & AccountancyMeaning and Fundamentals of Double Entry Book-Keeping2 Marks
Question
A capital account is a real account.
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Answer
This statement is False. Capital is a personal account. Amount invested in the business by the proprietor is capital. A proprietor is a natural person.
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