Accountancy, asked by nooristheking0007, 6 months ago

Analyze the following transactions and state the nature of account as per rule of debit and credit:

1. Sold goods to Mohan

2. Bought goods from Ram

3. Interest on capital allowed

Answers

Answered by gayatribiradar682

Explanation:

A Bank's Balance Sheet. A balance sheet is an accounting tool that lists assets and liabilities. ... The net worth is the asset value minus how much is owed (the liability). A bank's balance sheet operates in much the same way. A bank's net worth is also referred to as bank capital.

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