Question

Lakhan started business with cash Rs 50,000 and furniture Rs 10,000.
Il Purchased goods from Deepak on credit Rs 20,000
is. Draw cash from office for his personal use Rs 5,000
iv. Goods given as charity Rs 1,000
v. Paid Rs 1,000 for life insurance premium of Lakhan
vi. Goods return to Deepak Rs 4,000​

Answer 1

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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