. Mr. Gopal started business of handicrafts on 1st January 2017 with ₹10, 00,000. He bought furniture for ₹ 2, 50,000 on credit and stock of handicrafts for ₹5, 00,000(paid in cash). He also bought computer for office for ₹ 80,000. Mr. Gopal withdrew ₹ 20,000 for his personal use. Classify the above transactions on the basis of current assets, fixed assets, capital and liabilities.
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Answer:(i) 8,00,000 ; (ii) Furniture Rs 50,000 and Computer Rs 50,000; (iii) Rs 4,00,000 + Rs 2,00,000 = Rs 6,00,000
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