Question

Aruna, decided to start business of fashion ment under the name of Melkein
Wear from 1 April 2010 She had savings of 1000.000. She investedt
of ber savings and beyoned equal amount from State Tank India. She il
commercial space of 500 sq feet for 100,000. The space purchard Wat
merrated to make it ready we showroom. She purchased furniture and batan
75.009. Total amount of bank an ba to bar repaid in 20 urterly instalm
beginning 20th June, 2012. Annual mite interest in 18%
Repayment Schedule of Bank loan in the first year is as follows
De
Pled
0.000
2011
15.DOC
2430
21.150
20
22.180
150
7180
m.
She started begins on 1st April 2010 getting it repistered under Goods and Service
Tax (GST) to view of furile capital requirement, she further deposited 2001
in the bank. She paid Security Deposits of 5,000 for the electricity conection wit
BSES Rajdhani Pover land + 2,000 to MTNL for telepona correction. Furniture
x 10,00) was purchased further
Al payments were to be made by cheque. All the receiprs were in cash and to
deported in the bank in the morning of next day,
At the end of the year, her results showed the following
Total
Total
tady Lip
Towym
Garage
17
ON
promouro pro
She withdrew 6.000 by cheque sach month for her personal experies.
Project Work
P5
Bank Loan was serviced and instalments were paid regularly.
1. Journalise the above transactions in the books of M/s Designer Wuur, post them
into the Ledger and prepare the Trial Balance.
2. Also, prepare its Trading Account, Profit and Loss Account and Balance Sheet.
Charge depreciation 5% on Building and 10% on Furniture and Fixtures. Closing
Stnck at the end of the year was 5,50,000.
3. Prepare Bar Diagrams and Pie Charts showing the expenses.​

Answer 1

Answer:

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