MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Disclosure in Balance Sheet

What type of ...

Question

What type of account is a capital account?

Open in App

Solution

A capital account is a type of personal account.
Also read:
Difference Between Fixed Capital Account and Fluctuating Capital Account
Difference Between Accounting and Auditing
What Is a Fixed Asset
Intangible Assets

Suggest Corrections

thumbs-up

2

Similar questions

Q. Objective type Questions.
Answer in one Sentence only.

In what proportion is the balance on Realisation Account transferred to Partner’s Capital Account?

Q. Capital account is a personal account.

Q. _______ is a book of account, in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

Q. _____ is a book of account; in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

Q. A firm Maintains a Capital Account and a Current Account for each partner. What is the term used when this method of maintaining Capital Accounts is followed?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Disclosure in Balance Sheet

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon