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

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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 01:05 PM

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

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Capital is not typically shown as a liability in a statement of financial position also known as a balance sheet Instead capital is shown as part of t...View the full answer

Cambridge International AS And A Level Accounting

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