Question

Rakesh started his business with cash of rupees 1,50,000.

Furniture purchased for cash of rupees 20,000.

Purchase goods from mahesh on credit of rupee 25,000.

Sold goods (coasting 10,000) to mohan for rupee 14,000.

Addition capital introduced of rupee 20,000.

Commission reseaved in advance of rupee 2,000.

Paid to creditar mahesh in full settlement.

Soled goods (15,000) for 18000 out of which 5000 received for cash.

Deprisiation on furniture provided 10%​

Answer 1

Answer:

one lakh thirty thousand

Answer 2

131000

Explanation:

capital + 150000

- 20000 (furniture)

-25000 (liability)------------ paid

+4000 ( profit)

+20000 (additional capital)

+2000 ( commission)

-3000(loss)

+ 5000 cash received

-2000 (depreciation)