Question

.
PROJECT STATEMENT
Mr. Tushar decided to start a computer business. For this purpose he built the first
floor of his house at a cost of 2,00,000 and invested a further sum of 3,50,000 in this
business
He wanted to start with 12 computers costing 240,000 each. He approached ICICI
Bank and secured a loan to the extent of 75% of the cost of computers. It was agreed
that the loan will be repaid in four annual instalments as follows:
At the end of First Year : 090,000 + 336,000 for interest
At the end of Second Year 190,000+ €27,000 for interest
At the end of Third Year 190,000 + 718,000 for interest
At the end of Fourth Year 290,000 * * 9,000 for interest
He started business on 1st April, 2017. On the same date he deposited 23,30,000
in the Bank. He purchased Computers and paid 25% of the value of computers from his
bank and <3,60,000 out of bank loan availed. He deposited 10,000 for the electric
connection with the Electricity Board and also deposited 21,50,000 with the VSNL for
internet and telephone connection.
He spent 240,000 for getting the Computer Cafe furnished and also spent ? 6,000
in getting the pamphlets printed and distributed
All payments were to be made by cheques and all the receipts were to be deposited
in the bank on the same day.
At the end of the year, the results were:
Purchases of Computer stationery like floppy dises, CDs etc.
92,000
Revenue from fees received from students of Computer classes
2,70,000
Revenue on Account of Internet Facility
2,20,000
Revenue from sale of Computer Stationery
1,60,000
Wages paid to Servant
Electricity Charges
Telephone Charges
Entertainment Expenses
General Expenses
He withdrew 5,000 by cheque each month for his personal expenses and duly
paid the bank loan.
You are required to :
(1) Journalize the above transactions, post them into the Ledger and prepare
trial balance
12,000
48,000
73,000
7,000
5,200​

Answer 1

Explanation:

where is the answer.. u claimed to give the answer of I install your app... now I am messaging from your app..where is the answerrrr now?