GAAP Concepts & Conventions

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This Lecture is helpful to the commerce students of St. Xavier's College, Ranchi University, JAC, CBSE, ICSE boards and other state and Central Universities of Jharkhand, Bihar and other states.
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Sir please solve this one🙏
Journal entries question.
Q. Started business with Cash rs 2, 50, 000 and goods worth rs 40, 000.

deecodiingyt
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Conservatism 2, entity, 4, consistancy

shikharanjan
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5, conservatism 7money measurement concept

shikharanjan
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6, revenue rcognisation, 3, dual aspect,

shikharanjan