1. Capital introduced in business is liability of business towards it's owner to payback, so if owner's introduce more capital it increases the liability of business that's why it is also liability.
Additional paid in capital is an asset to a business. If this type of capital has to be paid back to a financial institution, then it will also become an accounts payable or liability.
Neither, it is equity
is an asset
advance paid is current asset and advance received is current liability.
Additional Paid-in Capital is a normal credit balance account.
Additional paid in capital is an asset to a business. If this type of capital has to be paid back to a financial institution, then it will also become an accounts payable or liability.
Neither, it is equity
is an asset
advance paid is current asset and advance received is current liability.
Accrued income tax (Income Tax Payable) is a current liability. When the tax is actually paid it is reported on the income statement as Income Tax Expense.
Tax paid on purchases are considered a liability. Anything paid to another is considered a liability for businesses because they are spending money.
Loan acquired to buy an asset is a liability of business so interest incurred on that loan is also part of that loan and that's why it is also the liability of business.
Additional paid in capital is also part of paid in capital of business and shown as an addition to already exists paid in capital of business.
is paid in capital a liability
Capitalized lease obligations refer to lease agreements where the lessee records the leased asset as a capital lease on their financial statements. This means the lessee treats the leased asset as if it were purchased with a loan, and includes the lease payments as both an asset and a liability on their balance sheet.
Additional Paid-in Capital is a normal credit balance account.
additional paid in capital