Question

Rahul Sood started a business of dealing in school stationery. He invested
310,00,000 as initial capital out of which he spent 1,00,000 on furniture and
32,00,000 for buying stationery items. He also employed a sales person
whom he paid a salary of 5,000. He sold some part of the stationery for cash
1,50,000 and some stationery to Krish stationers for 1,00,000 on a credit of
one month. He again purchased stationery worth 1,50,000 from Shagun on a
credit of 15 days. There was a short-circuit in his godown which resulted in a
loss of stationery items worth 30,000 due to fire. From the above answer the
following:
1. What is/are the fixed asset/assets he bought? Calculate the amount spent
to acquire them.
2. Who is the 'Creditor' and what is the amount payable?
3. What is the amount of loss incurred?​

Answer 1

Answer:

offfff this question is too long plsss