Question

On 1st April 2016 Mr. S Sharma Started business of selling cloth under the name “ Be Cool Fashion

Center” with the capital of ₹ 1500000.

He opened a bank account in a bank on 1st 2016 by depositing ₹ 1000000.

Other information are as follows:

1. He purchase the following assets for establishing the showroom.

i. Furniture

₹ 25000

ii. Refrigerator

₹ 48000

iii. Computer

₹ 36000

iv. Office equipment

₹ 30000

2. Some expenses were made on decoration ₹ 20000 by cheque

3. Made people aware about his Show room by hoardings and distributing pamphlets which cost

him ₹ 30000. And payment was made in cash.

4. He opined 4 persons for helping in the business. Each was to pay a monthly salary of ₹ 8000.

5. Some other transactions were as follows during the year:

a. Total sales during the year

₹ 1800000

b. Total purchase during the year

₹ 1400000

c. Stationary

₹ 350

d. Magazine

₹ 900

e. Refreshment expenses

₹ 4500

f. Petty Expenses

₹ 2000

g. Insurance Charges

₹ 4500

h. Electricity charges

₹ 25000

i. Telephone charges

₹ 4800

6. Journalise the above transactions

7. Post them in to the ledger

8. Prepare the trial balance
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Answer 1

Answer:

What is your question

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Answer 2

Answer:

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Explanation:

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