What entry is passed for withdrawing of goods by the proprietor for personal use?

What are the two sides of an account called?

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 does debit balance of a Real Account indicates?

Give the full form of SGST.

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

What is a Debit Note?

What are Nominal Accounts?

What is meant by “Balancing an Account"?

Give the rules of debit and credit of the three types of accounts.