Question

Due to the Covid-19 pandemic, Mr. Amitabh started a business of buying and selling
of hand sanitizers. For this he took an interest free loan from his father of 10,00,000
and invested 2,00,000 from his savings. Out of which he paid 1,00,000 for
furniture, 3,00,000 for hand sanitizers, laptop for 50,000 and motor vehicle worth
1,00,000 for office use. He paid 40,000 as electricity bill, 10,000 for stationery
and * 5,000 for telephone charges during the year. He distributed hand sanitizers
worth * 10,000 to his friends and relatives. From the above calculate :
(a) Capital
(b)
Non current assets
3
Expenses​

Answer 1

Answer:

1.)Capital=1000000+200000=1200000

2.) Non current assets=100000+300000+50000+100000= 550000

3.) expenses=40000+10000+5000=55000