Question

Type B
1 What is GST? which
business which
3. Capital is a liabilities for a
principle is applied zu
i on
4. Which equation is currect
Capital
i) Assels t liabilities :
i)
liabilities -
Assets - Capital -
Assets
Mi) Capitale Libilities -
IV) Capital Assels - Liabilities
writé Accounting a period As per Indian Inco sex..me tax. Ta
Act.
- All anticipated losses should be stora recorded in full
the accounting Book bent all anticipated or unneglized of
a
gains should be ignored auber which principles
togel commenced business on 1st April 2018 -
with a capital of F300000. On 2185 March 2015
assets were worth 10,00,000 and liabilities i
300000 during the year the introduced Capited:
20000 ang drawing § 36,000.​

Answer 1

Answer:

1. GST means Goods and services tax