info@affluentcpa.com | Blog | Download Our App
info@affluentcpa.com | +1-301-921-8585
Business-Capital

Why is Business Capital considered as a Special Liability?

The simple definition of capital is that capital is the owners claim in the business. We usually expect that since capital is money that we input to start a business the same should be viewed as an asset. But that not the case in accounting, while recording the different type of...
Read More →