Question

On March 1,2020, Rina Motawala established an audit practice as a sole proprietorship
and concluded the following transactions in the first month:
(a) Rina brought in to the business her personal laptop costing Rs.50,000.
(b) Provided services for cash, Rs.23,000.
(c) Bought office equipment on credit, Rs.25,000.
(d) Billed clients for services, Rs.16,000.
(e) Paid rent deposit for office, Rs.10,000.
(f) Collected payments from clients in (d), Rs.12,300.
(g) Withdrew cash for personal use, Rs.9,000.
(h) Paid electricity expense, Rs.1,700.
(i) Paid salary to office assistant, 2,000

Answer 1

Answer:

$32$

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