asset = liab + equity , Asset = 120000 + 1 third of asset.
what is asset value.
Answer Posted / rajesh pandey
18000
| Is This Answer Correct ? | 2 Yes | 2 No |
Post New Answer View All Answers
how sales invoices adjusted against advance received from Debtor?
what is the minimum & maximum amount paid by company per day
Explain some of the accrued expenses and the accounts in which you would record them?
what is the entry for toll gate fee
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
Definition of push down accounting
Difference between depreciation according to cost principle and matching principle
Which steps in Procurement to Pay process does FI documents get created.
pass the journal as wellas ledger entries off the foll 1st jan :> started businress with cash rs 1,20,000 & goods worth rs 60,000. 2nd jan > cash purchases rs 50,000. 4th jan >cash sales rs 40,000. 6th jan > purchase good's from sonali on credit worth rs 30,000 at 10 % trade discount. 8th jan> sold sood's to komal on credit rs 20,000 at 10% trade discount. 10th jan > paid rent by a cheque rs 50,000. 12th jan > good's worth rs 4,000 lossed by fire. 14th jan > good's worth rs 3,000 withdrawn from business for personal use. 16th jan > good's worth rs 2,000 distributed as free samples. 18th jan > good's worth rs 1,000 exchange for furniture.
Do you know how many types of business transactions are there in accounting?
What is reversing journal entries?
You are a B.E Student? How can u manage Banking?
What information is included in a bill for services?
what is the D.V.T. rate from 1/10/2009
Describe a time when you have not met your goal?