Question

journalise the following transactions 2017 apr 01- business started with cash 1,50,000, 01-goods purchased from manisha 36,000, 01- stationey purchased for cash 2,200, 02- opened a bank a/c with sbi 35,000, 02- goods sold ro priya for 16,000, 03- recevied a cheque of 16,000 from priya, 10-purchased goods for 20,000 on credit from ritu , 14- insurance paid by cheque 6,000, 18- paid rent 2,000, 24- purchased office furniture for 11,200, 29- cash withdrawn for household purpose 5,000, 30- interest received in cash 1,200 , ​

Answer 1

Answer:

Amal invested Rs 5,000 for 9 months and Fatima invested Rs 6,000 for 5 months. Their profit margins will be all