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Aruna, decided to start business of …

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Aruna, decided to start business of Fashion garments under the name of M/s Designer Wear from 1st April, 2019. She had savings of Rs 10,00,000. She invested Rs 3,00,000 out of her savings and borrowed equal amount from State Bank of India. She purchased a commercial space of 500 sq. feet for Rs 5,00,000. The space so purchased was suitably renovated to make it ready as showroom. She purchased furniture and fixtures for Rs 75,000. Total amount of bank loan is to be repaid in 20 quarterly instalments beginning 30th June, 2019. Annual rate of interest is 12% p.a. Repayment Schedule of Bank Loan in the

Posted by Atharv Chhabra 1 year ago

CBSE > Class 11 > Accountancy

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