Question

Rakesh started business with Cash Rs.20,000,
.Stock-Rs.15,000, Bank balance- Rs.15,000
ii. Furniture purchased for Cash Rs.20,000
iii. Purchased goods from Mahesh on Credit Rs.25,000
iv. Sold goods ( costing Rs.10,000) to Mohan for Cash Rs.14,000.
v. Additional capital introduced Rs.20,000
vi. Commission received in Advance Rs.2,000 vii. Paid to creditor ( Mahesh) in full settlement Rs.22,500
viii. Sold goods ( costing Rs.15,000) for Rs.18,000 out of which Rs.5,000 received in cash.
ix. Depreciation on furniture provided @ 10

Answer 1

Answer:

v. additional capital introduced Rs.20000