Question

Journalise the following transactions in the books of Harpreet Bros.
(a) 1,000 due from Rohit are now bad debta.
b) Goods worth 2,000 were used by the proprietor.
(e) Charge depreciation @ 10% p.a. for two months son machine costing 30,000
(d) Provide interest on capital of 1,50,000 at 6% pa. for 9 months.
le) Rahul became insolvent, who owed 2,000, a final dividend of 60 paise in a rupee is received from his estate
18. Prepare Journal from the transactions given below:​

Answer 1

Answer:

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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