Question

started business with cash Rs 5,00,000. She paid rent of shop Rs 10,000.

Purchased furniture for Rs 2,00,000 and paid Rs 1,000 on its cartage. She paid

wages Rs 7,000 and advertising expenses Rs 5,000. Identify and calculate the

value of various kinds of expenditure and differentiate between them on the basis

of ‘Presentation’ in Financial Statements.​

Answer 1

Explanation:

Total Assets

=

Cash + Bank + Stock

=

40,500 + 4,500 + 11,200

=

Rs

56,200

Liabilities

=

11,200

Capital

=

45,000

I hope it helps you ✌️