Mohan commenced business of trading in electronic goods with an initial capital of RS.
15,00,000. Out of the said RS. 15,00,000, he paid RS. 10,00,000 towards purchase of
electronic goods. He further spent RS.. 2,00,000 on furnishing the shop and RS. 35,000
for purchase of computer and printer. RS. 10,000 is yet to be paid to supplier of computer.
He sold goods costing RS. 5,00,000 for RS. 7,00,000 in cash and goods costing RS.
2,50,000 for RS. 3,10,000 on credit. Goods sold on credit for RS. 25,000 were returned
being defective. These goods (Costing RS. 20,000) were returned to the supplier.
Looking into the response, he decided to trade in home appliances also and further
invested RS. 5,00,000.
He purchased electronic goods and home appliances for RS. 8,00,000 out of which
purchase of RS. 2,00,000 were on credit.
Due to an earthquake, 2 LCD Televisions costing RS. 50,000 were completely destroyed.
Mr. Mohan received an insurance claim of RS. 30,000.
A customer purchased goods costing RS. 2,25,000 for RS. 3,00,000 and was allowed
discount of RS. 15,000. He was further allowed discount of RS. 5,000 for payment within
agreed time.
He paid salary to Shyam of RS. 55,000 ; RS. 5,000 were yet to be paid. He insured the
goods and paid insurance premium of RS. 10,000. Out of this, RS. 5,000 are for the next
year.
Mr. Mohan withdraw RS. 30,000 during the year for his personal use.
1. What is the amount of capital invested in the business by Mohan ? 01
a) 25,00,000
b) 15,00,000
c) 20,00,000
2. What is the amount of purchase ? 01
a) 18,00,000
b) 10,00,000
c) 15,00,000
3. What is the income earned by Mohan ?
a) 1,75,000
b) 12,70,000
c) 14,45,000
4. What is the value of closing stock ? 02
a) 5,50,000
b) 7,75,000
c) 10,00,000
plz give me correct answer....
Answers
Answered by
0
Answer:
a . b. a. d. is the answer
Explanation:
first one I don't know correct
Answered by
0
Answer:
A b c d are the answer to the ok
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