Based on which of the following concepts, is share capital account shown on the liability side of a balance sheet?

Based on which of the following concepts, is share capital account shown on the liability side of a balance sheet? Correct Answer Business entity concept

Based on Business entity concept, share capital account shown on the liability side of a balance sheet. The business entity concept also explains why owners' equity appears on the liability side of a balance sheet (i.e. credit side).
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