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shyam started a manufacturing business with cash ₹ 10,00,000; goods ₹ 2,00,000 and furniture of ₹ 1,00,000. he opened a bank account with hdfc bank in the name of the firm by depositing ₹ 60,000. the following transactions took place: (a) goods purchased in cash ₹ 80,000 and on credit ₹ 50,000. (b) goods were sold in cash ₹ 1,00,000 and on credit ₹ 50,000 at cost price plus 25%. (c) cash paid to creditors on account ₹ 30,000. (d) cash received from debtors ₹ 10,000. other information (a) debtors have deposited 50 % of the remaining amount in firm’s bank account. bank charges ₹2,000 were charged by bank for services provided. 1.how much total profit made the him? 2.what is the amount of sales? 3.how much total capital brought by mr. shyam to start the business in the beginning? 4.how much amount is yet to be paid to the creditors? 5.what is the amount of goods left?
Posted by Shivam Kushwaha 5 days, 7 hours ago
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Raju is dealer in furniture.show the accounting equation for the following transaction Started business with cash 1,00,000 deposited cash in bank 60,000 borrowed loan from bank 25,000 Bought goods and paid by cheque 10,000 cash withdrawn for personal use 5,000 cash withdrawn from bank for office use 3,000
Posted by Varshini Varshini 3 days, 6 hours ago
- 1 answers