Question

Mr Sultan Raza, a business school graduate from US came back to India with a thought to
Scale Business in Retail Sector
open a retail outlet on a small scale with an initial capital investment of 25.00.000 for selling
packaged and frozen foods in Mumbai, as people in Mumbai are quite busy and don't have
bank account with Puniab National Bank, in which he deposited 3.50.000
time for cooking. He then finalised the business plan, capital requirement, etc. He opened a
He selected a suitable place for the store, renovated it, purchased furniture of 1,00.000 and
dual, Willing to set-up
paid the amount by cheque. He also employed a helper for his shop
The other transactions during the year were
2.00.000
80.000
Particulars
Purchases
On Credit from a
On Cash From Asha
Sales
On Credit ito ay
On Cash (To Vine
Paid Traveling Expenses in Cash
Paid Salary to Helper in Cash
Receved from Debtor ay in FuSertlement by Cheque
100 000
30.000
20.000
130 000
50.000
1.95,000
Deposited Cash into Bank
Paid to Creditor ay by Cheque in Full Sertament
He withdrew for his personal use an amount of 730,000 by cheque.
You are required to
(1) Journalise these transactions after considering the following information.
(a) Value of goods unsold on 31st March 2015, valued at cost * 1,70,000.
(b) Depreciate furniture @ 25.
(c) Telephone bill for the month of March 2015, not yet paid ? 15,000.
Open ledger accounts and prepare trial balance
Prepare financial statements for the year ended 31st March, 2015 and also calculate​

Answer 1

Explanation:

oh wait. it's easy.

but I took non medical so accounts?

1 64.8751. q

Answer 2

Answer:

give me answer of this question