Question

Armband Ltd has stated business with 5, 00,000 and purchased goods for his business of timber, out of this for Rs.1, 35,000. He used 1/3rd of it and made furniture and sold them for at a loss of 20%. He paid wages to his workers of Rs. 5,000 and deposited cash received on sale of furniture into bank. Due to his inexperience in the business, he changed his line of activity and uses the balance money to buy machinery for manufacturing soaps, for which he had to purchase few raw materials worth Rs 15,000, paid wages Rs. 7,000 and also bought motor pump of Rs. 15,000 from Joombi Ltd on credit. Answer the following question on the basis of above information: 4 M a) Amount of capital invested? b) Fixed assets bought? c) Who is the creditor? d) On what sales he suffered the loss and the amount of loss. e) What is amount of sale of furniture f) What are the total expenses? g) Is there any cash or bank balance left, if yes, what amount? h) Who is the proprietor?

Answer 1

Answer:

Software that is used to manage data and information structured as fields, records and files. A database program is the heart of a business information system and provides file creation, data entry, update, query and reporting functions.

Explanation: