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Question

Capital receipt is shown in the balanced sheet on _______.


A
asset side
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B
debit side
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C
liability side
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D
none of the above
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Solution

The correct option is B liability side

A balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular time, which details the balance of income and expenditure over the preceding period. On a balance sheet capital receipt is shown on the liability side.


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