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what is term loan?
How to calculate bank's turnover?
11 Answers Banking, DCCB, District Cooperative Central Bank DCCB, HDFC,
How do we treat grants that are received in advance of the period when they are to be spent?
What is entry in TALLY for newly bank A/c open for company at starting of business?
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what is accounting
What is meant by Salaries Outstanding Accounts?
What are bad debits?
Why does one need a broker?
On 01-04-2006 Mr. Dhanpal started business with Rs.2,00,000 cash and opened a bank account with Rs.1,50,000. He purchased furniture for his business for Rs.25,000. Goods were bought from Deendayal for Rs.50,000 on credit. He sold goods for Rs.27,000 in cash and 30,000 on credit. He paid Rs. 2,500 for business expenses during April month. Rs. 10,000 was withdrawn for office purposes from the bank. Find out the closing balance of cash and bank.
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