20% off ACCA & CIMA Books

OpenTuition recommends the new interactive BPP books for March 2025 exams.
Get your discount code >>

SOFP

This topic has 1 reply, 2 voices, and was last updated 10 years ago by John Moffat.

Viewing 2 posts - 1 through 2 (of 2 total)

Author
Posts
June 27, 2015 at 3:33 am #258909
dansindo
Member
- Topics: 24
- Replies: 38
in the lecture video, it says that capital means “owed to owner” shouldn’t it be a liability?
June 27, 2015 at 8:14 am #258919
John Moffat
Keymaster
- Topics: 57
- Replies: 54805
Capital is a liability, but because it is a liability to the owner it is called ‘capital’. We save the words ‘current liabilities’ and ‘non-current liabilities’ for amounts owed to other people.
Author
Posts

Viewing 2 posts - 1 through 2 (of 2 total)

You must be logged in to reply to this topic.