Enumerate four advantages of Ledger.

What are Representative Personal Accounts? Give one example.

Give an example of a transaction due to which owner's capital and an asset will decrease.

Give two basic purposes of accounting equation.

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

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

Give an example of a Voucher.

Name the two State Taxes that have merged into GST.

In the above case, if the proprietor had invested ₹ 5,000 as additional capital and withdrawn ₹ 2,000, what will be your answer?

Give the full form of SGST.