Qualification > Commerce

all acc doubts here !!

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Alpha:
Draft a balance sheet.

skywalker112233:
as in...wht do i do 2 get the bank balance?

Alpha:
Put it as a missing figure. Then work backward.

skywalker112233:
kk...will try it...bt r u sure thats da only way...there is no other way 2 do dat yeh..?? thankz man..and wt must i do..2 get rid of the fear of accounts? if u could suggest

Alpha:
It's the easiest way I find possible.

Remember the equation, it will simplify things:

Assets = Capital + Liabilities

What the business owns = What owner has brought in + What it borrowed

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