In business, we say that we need to raise capital to start a business, so why aren’t cash and capital the same thing
Why do they call it a credit card? Who is crediting what?
Why are the ledger accounts in a specific order? Why aren’t they listed in alphabetical order
In accordace to the business entity concept the business is a seperate legal entity from its owner.
Capital is what belongs to the owner of the business whereas cash is an asset of the business.
It is called a credit card since the card holder is obtaining a loan from the bank using the credit card.The bank credits the amount required by the customer.
It is not a manditary rule to arrange anything in an alphebetical order.