Practice Exercise 7 Exercise for 'ACCOUNTING ONLY MR. KUNAL'S CONSULTING SERVICES 1) Mr. Kunal started Universal Business Services by brining in cash at Rs. 3,00,000/- 2) Mr. Kunal paid Rs, 22,500/- in cash to purchase a computer. 3) Opened a bank account with HDFC bank in cash Rs. 1,00,000/- 4) Mr. Kunal has hired an office space from for Rs. 2,500/- per month by paying Deposit Rs. 25000/- 5) Mr. Kunal issued cheques and purchased. i. Cell Phone for personal use - 6000/- ii. Furniture for Business - 20.000/- iii. Air conditioner for Office - 20,000/- 6) Mr. Kunal purchased stationary worth Rs. 12,500/- from Global house on credit. 7) Mr. Kunal received Rs. 25,000/- from Silver services by cheque. 8) Mr. Kunal Rs. 15,000/- as consulting revenue in cash from Omega infotech. 9) Mr. Kunal withdraws Rs. 6,000/- cash for personal use. 10) Mr. Kunal paid salary by cheque Rs. 5,000/-. 11) Charge depreciation on Computer, Furniture, Cell Phone, Air conditioner at 10%.
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what is your question I don't understand
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cell phone for personal use 6,000
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