Question

Amitabh started a business of trading in fitness equipment investing ₹2,00,000 in cash. He also opened a bank account on the same day by transferring ₹10,00,000 . He also took an interest free loan of ₹10,00,000 from his father payable after three years. During the year, he sold the following equipment:
(i) Sold 3 fitness treadmills @ ₹25,000 each less 5% trade discount. Two against cash and one on credit to Raman.
(ii) Sold 5 Exercise cycles @ ₹4,000 each less 5% trade discount and 2% cash discount for cash.
(iii) 2 Weight Bars @ ₹ 1,750 each, 2 Sets Weights @ ₹ 2,500 each less 5% cash discount for cash.
Salaries of ₹25,000 per month and rent ₹10,000 per month was paid by cheque. Electricity bill ₹2,000 and telephone expenses ₹1,000 were also paid whereas interest of ₹500 per month was received on bank balance.
What is the amount of capital invested by Amitabh in the business?
(1 Point)

₹ 2,00,000

₹ 12,00,000

₹ 20,00,000

₹ 10,00,000
18.. What is the amount of debtors ?
(1 Point)

₹75,000

₹67,500

₹26,750

₹23,750
19.What is the amount of expenses during the year ?
(1 Point)

₹4,20,000

₹3,00,000

₹ 1,20,000

₹ 4,23,000
20.. What will be his bank balance at the end of the year ?
(1 Point)

₹5,86,000

₹5,80,000

₹10,00,000

₹10,06,000

Answer 1

Answer:

5,80,000

Explanation:

10.06,000000

Answer 2

Answer:

Do mark me the brainliest!

Explanation:

For the first question the answer is 200000.

The amount of debtors means the  the average number of days taken for a business to collect a payment from its customers.

Amount of expenses = 200000 + 100000 = 300000