REVISIONARY EXERCISE - 6
| Orders: |
|
1.4.2012 - Capital invested and commenced a business Rs.2,00,000 5.4.2012 - Purchases Order placed with Sumeet and Company for 200 Mixies at Rs.2000 each; due on 1.5.2012 with 30 days credit 7.4.2012 - Cash deposited into State Bank of India Rs.1,20,000 1.5.2012 - 180 Mixies dispatched by Sumeet and Company as per our Order. 2.5.2012 - Sales Order received from Balasubramaniam Enterprises for 100 Mixies at Rs.2500 each; due on 4.5.2012 with 10 days credit 4.5.2012 - Sales made to Balasubramaniam Enterprises 90 Mixies today. 15.5.2012 - Cheque received from Balasubramaniam Enterprises for Rs.2,00,000 16.5.2012 - Payment made to Sumeet and Company Rs.3,00,000 by cheque. |
|
|
|
OUTPUT: Purchase order outstandings: 20 mixies Sales order outstandings: 10 mixies Bills Payable (Sumeet and Co): Rs.60,000 Bills Receivable (Balasubramaniam Enterprises): Rs.25,000 |