Question

Mr Shridhar started a business of stationery with an initial investment of Rs 300,000 He bought stationery worth Rs. 50,000 and furniture amounting Rs 1,00,000. He appointed Mr. Anmol as a sales man and paid him salary of Rs 10,000. He opened a firm's bank account with an amount of Rs. 3,000. He sold stationery at a profit of Rs 3000 7) Amount of capital 8) Amount of Fixed assets 9) Amount of current acces 10) Amount of Revenue 11) Amount of Profit 12) Amount of Expense​

Answer 1

Answer:

amount of capital = initial business investment + firm's bank ac opening = 300,000 + 3,000 = 303,000.

amount of fixed assets =furniture 100,000

amount of current assets = salesman 10,000 + stationary 50,000 + bank 3,000 = 63,000

amount of revenue = 3000

amount of profit = 3000

amount of expense = (50,000+100,000+10,000) expenditure – 3000 income in form of profit

= 157,000

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