REVISIONARY EXERCISE - 8
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1/1/2015 - Mohan commenced a business with a capital of Rs.1,00,000 2/1/2015 - Deposited into bank Rs.75,000 10/1/2015 - Purchased a machine for Rs.50,000 from Mahveer Agencies 1/2/2015 - Purchased Godrej refrigerator 100 nos at Rs.14,000 each from Godrej company 5/2/2015 - Sales order received from Ravi agencies for 10 nos of refrigerator at Rs.15,000 each due on 1-3-2015 1/3/2015 - Sales made to Ravi agencies 10 nos of refrigerator as per the order with 40 days credit 26-3-2015 - Payment made to Mahaveer agencies Rs.25,000 by cheque 31-3-2015 - Received Rs.25,000 from Ravi agencies for the sales made on 1-3-2015 10/4/2015 - Cash withdrawn from bank Rs.10,000 1/5/2015 - Purchase order placed with Godrej company for 20 nos of refrigerator at Rs.14,000 each due on 25-5-2015 |
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