Question

Mr Sunday started a business for buying and selling of stationeries with rupees 500000 as an initial investment on which he paid rupees 100000 for furniture rupees 200000 for buying stationery items he employed as sales person and Clark inn took a loan from Delhi cooperative bank for a period of 2 years at rupees 350000 rupees 50000 as advertisement expert expensive leasehold stationery items to Rahim on credit @ rupees 25000 for the above answer the following what is the amount of capital with Mr sunrise started business what are the fixed assessed u-boats what is the amount of liability and which category of library it is what is advertisement expenses and how it will be shown in books of accounts what are his current assets

Answer 1

Answer:

Mr Sunday started a business for buying and selling of stationeries with rupees 500000 as an initial investment on which he paid rupees 100000 for furniture rupees 200000 for buying stationery items he employed as sales person and Clark inn took a loan from Delhi cooperative bank for a period of 2 years at rupees 350000 rupees 50000 as advertisement expert expensive leasehold stationery items to Rahim on credit @ rupees 25000 for the above answer the following what is the amount of capital with Mr sunrise started business what are the fixed assessed u-boats what is the amount of liability and which category of library it is what is advertisement expenses and how it will be shown in books of accounts what are his current assets