How would you balance: Al+Fe2O3→Al2O3+Fe
Balancing the Chemical equation:
Al(s)Aluminium+Fe2O3(s)Iron(III)oxide→Al2O3(s)Aluminiumoxide+Fe(s)Iron
2Al(s)Aluminium+Fe2O3(s)Iron(III)oxide→Al2O3(s)Aluminiumoxide+2Fe(s)Iron
Nice work in balancing the machine. If you had to write an equation which would represent the figure given below, how would you do it?
To decrease the balance in the Land account, would you debit the account or would you credit the account?
Olympiad Ltd. has an opening debit balance of Rs. 5,00,000 in Reserves and Surplus as Balance of Statement of Profit & Loss. It earned a profit of Rs. 8,00,000 for the year ended 31st March, 2017. How would you show these items in the Balance Sheet and notes to accounts ?