Question

2020
Oct 01 Amount transferred from personal bank account to Firm's Bank account Rs. 10,000
Oct 03 Old cycle taken by the proprietor for his daughter's use Rs.500.
Withdrawn goods for personal use (Sale price Rs.600, Cost Rs.500).
Oct 09 Goods costing Rs.500 given as charity (Sale price Rs.600).
Oct 14 Goods costing Rs.1,000 distributed as free samples (Sale price Rs. 1200).
Oct 16 Goods stolen in transit (Sale price Rs.1000, Cost Rs.800).
Oct 20 Goods destroyed by fire (Sale price Rs.1,000, Cost Rs.900).
Oct 21 Goods stolen by an employee (Sale price Rs.1,000, Cost Rs.600).
Oct 22 Goods used in making of fumiture (Sale price Rs.2,000, Cost Rs.1,500)
Oct 28 Employees had taken inventory worth Rs.1,00,000 (Cost price Rs.75,000) on the
Eve of Deepawali and the same was deducted from their salaries in the subsequent
month.
Oct 30 Income Tax liability of the proprietor paid out of petty cash Rs.500

Answer 1

Answer:

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Explanation:

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