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Accounting Procedures Rules of Debit and Credit — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountAccounting Procedures Rules of Debit and Credit3 Marks
Question
Why are the rules of debit and credit same for liability and capital?
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Answer

Rules of debit and credit for liability and capital are same because of Business Entity Concept. According to the concept, business is a separate and distinct entity from its owner.

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