Question

Mis. Radha & Sons
2000
The Accounting Cycle - Books and Res
Journalise the following transactions of
Jan 1 Business started with Rs.250.000 and
3 Purchased machinery on credit from Rang
6 Bought furniture from Ramesh for each
12 Goods sold to Yesodha
13 Goods Returned by Yesodha
31 Cash withdrawn from bank for personal use of the propriet
llustration 2
deposited with Bank
15 Goods sold for cash
17 Bought goods for cash
20 Cash received from Yesodha
21 Cash paid to Ramola
25 Cash withdrawn from bank
29 Paid advertisement expenses
30 Bought office stationery for cash
10
31 Paid salaries
31 paid rent
I want in sum way
Solution :​

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.