8:- Provision is a charge against Profits.
Bill of excha
is an inconditional promise to pay.
1:- Balance sheet is an account.
:-prepare
witing equation:
1:- Ravi started business for cash 80,000 Bank 40.000
2:- sold goods Rs 30,000 which is 40% on cash and 33:
3:- Withdrew for personal use goods Rs 2000.
4:- wages paid Rs 500 and salary outstanding Rs 700.
5:- Received commission Rs 200.
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