Vivek started a business on 1 April. 2012 with Rs. 2. 25. 000. During the year. following transactions took place:
(a) Goods purchased from Vikram Rs. 28.000.
(b) Rent paid for 15 months Rs. 90.000.
(c) Sold goods to Harilal (costing Rs. 6.000) for Rs. 6.700.
(d) Withdrew Rs. 4.000 for personal use. Donated goods costing Rs. 1.000 to a charitable trust.
(e) Received Commission Rs. 1.100.
(f) Purchased Machinery for Rs. 10. 000.
Answers
Answer:
"The phrase "broken lives" is an idiom (and a borderline cliché) referring to human lives shattered, destroyed, or severely damaged by (usually) a personally or communally catastrophic event."
geeta181180
25.06.2019
Accountancy
Primary School
answered
Vivek commenced a business a business on 1st april,2012 with cash rs.6,25,000.he bought a personal computer from his home to the business worth rs.16,000;besides this, the following transactions were entered into by him during the year: a. goods purchased from vikram for rs.28,000. b. opened a new account in sbi with rs.80,000. c. rent paid for 15 months rs.90,000. d. sold goods to harilal (costing rs.6,000) for rs.6,700 e. received cheque from harilal of rs.6500 in full settlement. f. withdrew rs.4,000 for personal use. g. donated goods costing rs. 1,000 to a charitable trust. h. received commission rs.1,100. i. goods destroyed (sales price rs.3,000) during flood costing rs.2,500. j. securities were purchased for rs.10,000. show accounting equation and also prepare balance sheet.