Question

Q23- Journalise the following transactions in the book of Mr. Mukesh, assuming all transactions

made within state with CGST @ 6% and SGST@ 6%:

i. Bought goods for Rs. 50,000 at 20% trade discount.

ii. Goods sold at a profit of 25%.

iii. Paid GST to Government.​

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.