balance sheet will be like
assets 1000 cash from (100 advance +900 cash from profit)
liabilities= 100 subtracted because there is no obligation now
retained earnings -1000 will be added
hence balanced
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balance sheet will be like
assets 1000 cash from (100 advance +900 cash from profit)
liabilities= 100 subtracted because there is no obligation now
retained earnings -1000 will be added
hence balanced
Subscribe To Our Free Newsletter |
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