Why is capital usually shown in a statement of financial position as a liability?

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Cambridge International AS And A Level Accounting

ISBN: 9781444181432

1st Edition

Authors: Ian Harrison

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Question Posted: Aug 23, 2023 01:10 PM

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Why is capital usually shown in a statement of financial position as a liability?

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Capital is usually shown in a statement of financial position also known as a balance sheet as a liability for a specific reason related to accounting ...View the full answer

Cambridge International AS And A Level Accounting

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