Question

personal use. She purchased goods worth 30,000 at a trade discount of 10% from
Radha started business with cash 50,000. She withdrew 12,000 from the
goods worth 13,000. She purchased furniture for 14,000 and patent rights for By
she returned the goods worth 10,000. She sold goods to Deepika for 45,000 who
(0)
(d)
Go
bac
by
(a)
was paid * 15,000 after deducting discount 400.
(C)
(1) Who is the proprietor and what is the amount of capital ?
A
(ii) What is the amount of drawings?
(c
(ii) Who is the creditor and what is the amount payable to her after adjusti
: A
return
(a
(iv) What is the amount of trade discount?
(c
(v) Who is the debtor and what is the amount receivable from debtor, after all
G G
return?
(a
(vi) What is the amount of non-current assets?
(vii) What is the amount of tangible fixed assets and what is the amount o
fixed assets?
(viii) What is cash discount?

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Answer 1

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