Question

Assuming that you are a shop keeper and you have invested capital worth rs 2500,000,you have taken a shop on rent for which you have paid goodwill worh rs 200,000 and you are paying a monthly rent of rs 2500 p.m
Throughtout the year you purchased books and stationary for rs 500,000 and you sold books and stationary worth rs 12,00000 .besides you purchased a computer for rs 80,000 to maintain the records properly .you paid a roughly salalary of rs 200,000 to the sales man,you paid electricity charges rs 24,000,yoy invested 60,000 as additional capital in the business in the mid year You withdrew rs 90,000 in the month of september, you 3 close the accounts and draw the balances

purchased a load carrier for rs 400,000 in the month of june for business purposesyou paid salary to one of your salesman in advance rs 15000. and you have cash in hand 500,000 Record all these transactions backed by documentry evidences in

1 journal

2 post them in ledger

4 prepare trial balance,rectify the errors if there is 5 prepare final accounts

Trading,profit and loss account balance sheet And last but not least analyse the information

Answer 1

Answer:

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