Home
Class 11
ACCOUNTS
Is Capital Account a Personal Account or...

Is Capital Account a Personal Account or a Real Account ?

Text Solution

Verified by Experts

Capital Account is a Personal Account because it represents owner of the business.
Doubtnut Promotions Banner Mobile Dark
|

Topper's Solved these Questions

  • ACCOUNTING PROCEDURES - RULES OF DEBIT AND CREDIT

    TS GREWAL|Exercise Practical Problems|12 Videos

  • ACCOUNTING PROCEDURES - RULES OF DEBIT AND CREDIT

    TS GREWAL|Exercise Multiple Choice Questions|16 Videos

  • ACCOUNTING FOR BILLS OF EXCHANGE

    TS GREWAL|Exercise Qusetions with missing Values.|2 Videos

  • ACCOUNTING SOFTWARE-TALLY

    TS GREWAL|Exercise Evaluation Question|44 Videos

Similar Questions

Explore conceptually related problems

Cash Account is a real account .

Bank Account is a real account .

Knowledge Check

  • Capital Account is a

    A
    Natural Personal Account
    B
    Artifical Personal Account
    C
    Representative Personal Account
    D
    None of these

    • Similar Questions

    Explore conceptually related problems

    Drawings Account is a Personal Account.

    What are Real Accounts?

    What are Personal Accounts?

    Goodwill account is a Real Account.

    Traditional Classification of Accounts|Personal Accounts|Impersonal Accounts|Questions

    Fixed Capital Accounts

    State any one difference between Fixed Capital Account and Fluctuating Capital Accounts of partners.

    Home
    Profile