Question

Diya started a business of trading in electronic goods with an initial investment of ₹10,00,000 in cash. Furniture worth ₹1,00,000 was brought by her into the business. During the year, she hired a showroom at a rent of ₹10,000 per month. She purchased printers worth ₹5,00,000 for resale. Out of the goods bought, she sold goods costing ₹30,000 for ₹50,000 in cash and goods costing ₹40,000 for ₹60,000 to Raghav. She further purchase goods amounting to ₹1,50,000 from Vidit. Diya also sold furniture worth ₹10,000 for ₹8,000. She paid salary of ₹5,000 to her employee. Goods costing ₹10,000 were used by the proprietor for personal use. A computer worth ₹50,000 was purchased for office use. At the end of the year, rent of 2 months was due but not yet paid.

Answer 1

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