Question

2015
Jan 1 Commenced business with cash * 1,00,00 Buildings valued at
*5,00,000 and stock * 40,000
2 Deposited in bank * 75,000
4 Sold household furniture for * 10,000 and invested the money
into business
8 Withdrawn Cash 5,000, goods cost * 6,000 (Selling price
7,500) from business for personal use.
9
Paid Life Insurance premium 10,000, Income Tax 9,000 and
for Bicycle for Son * 5,000​

Answer 1

Answer:

2015

Jan 1 Commenced business with cash * 1,00,00 Buildings valued at

*5,00,000 and stock * 40,000

2 Deposited in bank * 75,000

4 Sold household furniture for * 10,000 and invested the money

into business

8 Withdrawn Cash 5,000, goods cost * 6,000 (Selling price

7,500) from business for personal use.

9

Paid Life Insurance premium 10,000, Income Tax 9,000 and

for Bicycle for Son * 5,000