Question

Journalise the following transactions in the books of Harpreet Bros. :
(a) *1,000 due from Rohit are now bad debts.
(b) Goods worth 2,000 were used by the proprietor.
(c) Charge depreciation @ 10% p.a. for two months son machine costing 730,000.
(d)
Provide interest on capital of 1,50,000 at 6% p.a. for 9 months.
(e) Rahul became insolvent, who owed 72,000, a final dividend of 60 paise in a rupee is received from his estate.
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Answer 1

Answer:

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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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