Question

uresh and prepare balance sheet at the
1) Commenced business with cash 80,000 and bank balance 40,000.
ii) Cash withdrawn from bank for office use 15,000.
i) Internet bill paid in cash 9,000.
w) Commission received by cheque 21,000.
v) Cash withdrawn from bank for personal use 11,000.
i) Additional capital introduced 24,000.
i) Charged interest on drawings 2,000.​

Answer 1

Answer:

Also prepare a Balance Sheet. (i) Commenced business with cash ₹ 60,000. (ii) Paid rent in advance ₹ 500. (iii) Purchased goods