1. Miss. Sunitha Started a new business with Rs. 10,00,000/-
2. Furniture purchased Rs. 40,000/-
3. Scooter Purchased Rs.55,000/-
4. Purchase as follows Santhi & Co (A.P):-
Samsung LED TVs 10 no's each one Rs. 18,500/-
* Sony LED TVs 10 no's each one Rs. 19,400/-
* Videocon LED TVs 10 no's each one Rs.14,700/-
4. Cash deposited into Andhra bank Rs. 50,000/-
5. Rent paid through bank Rs. 12,000/-
6. Sales as follows to Balaji Traders (A.P):-
* Samsung LED TVs 10 no's each one Rs. 25,200/-
* Sony LED TVs 10 no’s each one Rs. 30,100/-
* Videocon LED TVs 10 no's each one Rs. 19,300/-
7. Cash with draw from Andhra Bank Rs. 22,000/-
8. Depreciation on Scooter Rs. 11,000/-
9. Cash paid to Santhi & co
10. Cash receive from Balaji Traders(Note:- Electronics in GST : 28%)
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Total Expense :6,21,000/-
Expense on TV's: 5,26,000/-
Money left with in hand before sales:3,29,000/-
Money left in bank after rent:38,000/-
Balaji traders has to give her :7,46,000/-(Not including G.S.T)
Profits(Not including G.S.T):2,20,000/-
G.S.T : 61,600/-
Money she will get (including G.S.T) :6,84,000/-
Total profit (including G.S.T) : 1,58,000/-
Money in hand after sales :10,13,400/-
Money in bank after withdrawal :16,000/-
Her total net worth :11,13,400/-
Price of scooter(after depreciation) :44,000/-
Explanation:
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