Question

9) Mr. Ramn Ltd, started a business for buying and selling of electronic goods with Rs. 10,00,000 as an initial investment of which he paid Rs. 80,000 for furniture, Rs 6,00,000 for buying electronie items. He appointed a sales person and a clerk At the end of each month he paid Rs. 10,000 as their salaries. Out of the electronic items bought he sold some electronic items for Rs. 2,00,000 for cash and some electronic items of Rs. 80,000 on credit basis to Lalit. He also bought items of Rs. 2,00,000 from Rupa Electronic, Mumbai on credit. In the last week of that month there was a fire accident and he lost Rs.30,000 worth electronic items, From the above answer the following: ) a) What are the fixed assets he bought ? b) What is the amount of capital with which he started business? c) What is the value of goods he purchased ? d) Who is his creditor and state the amount payable to him? e) What are the the expenses amount? (6)​

Answer 1

Answer:

I don't know what to do that sorry