Question

Rahul who owed us Rs.20,000 becomes insolvent and a final dividend of 60 paisa in a rupee is received from his estate by cheque. (ii) Purchased machinery for Rs. 50,000 by cheque and installation charges of machinery Rs.2,500 paid in cash. (iii) Returned goods to Subhash worth Rs.2,000 purchased earlier. (iv) Rent outstanding Rs.5,000 ​

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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