What is an Invoice?

Calculate the total assets if:

1. Capital is ₹ 40,000.
2. Creditors are ₹ 25,000.
3. Revenue during the period is ₹ 50,000.
4. Expenses during the period are ₹ 40,000.

What journal entry is passed in case of purchase of goods from outside the state?

If the Capital of a business is ₹ 1,20,000 and Outside liabilities are ₹ 20,000, calculate total assets of the business.

Indicate how Accounting Equation is affected if machinery is purchased for cash?

Briefly explain Cash Voucher.

If total assets of a business are ₹ 1,30,000 and capital is ₹ 80,000, calculate creditors.

What is Opening Entry?

What is Transfer Voucher?

Name the category of account that is not balanced.