Which accounting principle justifies presenting the Share Capital Account under the liabilities section in the Balance Sheet?

Explanation

The Share Capital Account is shown as a liability because, under the business entity principle, the business is considered separate from its owners. When owners introduce capital, the business owes this amount back to them, classifying it as a liability. The other principles do not address this treatment: the monetary unit principle relates to recording only quantifiable financial data; the continuity assumption pertains to the business operating indefinitely; and the revenue recognition principle focuses on recognizing revenues and expenses, not capital accounts.