Question

6
As more funds are required in the business, a loan of 5000 is taken from Prabhu
bearing 8 % interest rate. in case book account
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Answer 1

Answer:

Illustration 6. Create an

Accounting Equation on the basis

of the following transactions and show the resulting Balance Sheet: 5,00,000 10 1,00,000 20.000 1. Manu started business with cash. 2. Purchased a building from Sohan. Paid by raising a loan from SBI.