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.
Answers
Answered by
31
Explanation:
Total Assets
=
Cash + Bank + Stock
=
40,500 + 4,500 + 11,200
=
Rs
56,200
Liabilities
=
11,200
Capital
=
45,000
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