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  • Kumar Enterprises

    Transféré par

    Rahul Atodaria
    94 vues2 pages
    Kumar started a new business called Kumar Enterprises with an initial investment of Rs. 1,00,000. He took a loan of Rs. 3,00,000 from ICICI Bank at 12% annual interest and purchased raw materials worth Rs. 1,00,000 and Rs. 2,40,000 on credit. Kumar sold goods for Rs. 3,00,000 and Rs. 3,50,000 on credit and deposited cash of Rs. 2,50,000 in a new bank account. He paid various business and personal expenses and paid Rs. 2,00,000 to M/s. Khan & Sons, receiving a cheque from Kapoor & Sons for Rs. 2,50,000

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    Kumar started a new business called Kumar Enterprises with an initial investment of Rs. 1,00,000. He took a loan of Rs. 3,00,000 from ICICI Bank at 12% annual interest and purchased raw materials worth Rs. 1,00,000 and Rs. 2,40,000 on credit. Kumar sold goods for Rs. 3,00,000 and Rs. 3,50,000 on credit and deposited cash of Rs. 2,50,000 in a new bank account. He paid various business and personal expenses and paid Rs. 2,00,000 to M/s. Khan & Sons, receiving a cheque from Kapoor & Sons for Rs. 2,50,000

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    © All Rights Reserved
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
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    94 vues2 pages

    Kumar Enterprises

    Transféré par

    Rahul Atodaria
    Kumar started a new business called Kumar Enterprises with an initial investment of Rs. 1,00,000. He took a loan of Rs. 3,00,000 from ICICI Bank at 12% annual interest and purchased raw materials worth Rs. 1,00,000 and Rs. 2,40,000 on credit. Kumar sold goods for Rs. 3,00,000 and Rs. 3,50,000 on credit and deposited cash of Rs. 2,50,000 in a new bank account. He paid various business and personal expenses and paid Rs. 2,00,000 to M/s. Khan & Sons, receiving a cheque from Kapoor & Sons for Rs. 2,50,000

    Droits d'auteur :

    © All Rights Reserved
    Téléchargez comme DOC, PDF, TXT ou lisez en ligne sur Scribd
    Signaler comme contenu inapproprié
    sur 2

    Kumar invested Rs.

    1,00,000 and started a new business with the name of Kumar


    Enterprises.
    Took a loan of Rs.3,00,000 from ICICI Bank @ 12% p.a.
    Purchased 100 units of raw material @ Rs.1,000 per unit.
    Purchased 200 units of raw materials @ Rs.1,200 per unit from M/s. Khan & Sons
    on credit.
    Sold 150 units of goods @ Rs.2,000 per unit.
    Sold 140 units of goods @ Rs.2,500 per unit to Kapoor & Sons on credit.
    Opened an account with Dena Bank. Deposited cash Rs.2,50,000.
    Paid salary Rs.5,000.
    Paid shop rent Rs.10,000 by cheque.
    Purchased computer, printer and scanner worth Rs.50,000 and paid by a cheque.
    Purchased a mobile phone worth Rs.25,000 and recharge coupon worth Rs.1,000.
    Paid to M/s. Khan & Sons Rs.2,00,000.
    Received a cheque from Kapoor & Sons Rs.2,50,000.
    Paid interest of 1 month on bank loan.

    Kumar invested Rs.1,00,000 and started a new business with the name of Kumar
    Enterprises.
    Took a loan of Rs.3,00,000 from ICICI Bank @ 12% p.a.
    Purchased 100 units of raw material @ Rs.1,000 per unit.
    Purchased 200 units of raw materials @ Rs.1,200 per unit from M/s. Khan & Sons
    on credit.
    Sold 150 units of goods @ Rs.2,000 per unit.
    Sold 140 units of goods @ Rs.2,500 per unit to Kapoor & Sons on credit.
    Opened an account with Dena Bank. Deposited cash Rs.2,50,000.
    Paid salary Rs.5,000.
    Paid shop rent Rs.10,000 by cheque.
    Purchased computer, printer and scanner worth Rs.50,000 and paid by a cheque.
    Purchased a mobile phone worth Rs.25,000 and recharge coupon worth Rs.1,000.
    Paid to M/s. Khan & Sons Rs.2,00,000.
    Received a cheque from Kapoor & Sons Rs.2,50,000.
    Paid interest of 1 month on bank loan.

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