Due to the Covid-19 pandemic, Mr. Amitabh started a business of buying

1.	Due to the Covid-19 pandemic, Mr. Amitabh started a business of buying and sellingof hand sanitizers. For this he took an interest free loan from his father of 10,00,000and invested * 2,00,000 from his savings. Out of which he paid ? 1,00,000 forfurniture, ? 3,00,000 for hand sanitizers, laptop for * 50,000 and motor vehicle worth* 1,00,000 for office use. He paid ? 40,000 as electricity bill, 10,000 for stationeryand 5,000 for telephone charges during the year. He distributed hand sanitizersworth * 10,000 to his friends and relatives. From the above calculate :(a) Capital(b) Non current assets(c) Expenses
Answer» Accounting or ACCOUNTANCY is the measurement, PROCESSING, and communication of FINANCIAL and non financial INFORMATION about ECONOMIC entities such as businesses and corporations. Organizations in this sector: Institute of Chartered Accountants in England and Wales

Due to the Covid-19 pandemic, Mr. Amitabh started a business of buying and sellingof hand sanitizers. For this he took an interest free loan from his father of 10,00,000and invested * 2,00,000 from his savings. Out of which he paid ? 1,00,000 forfurniture, ? 3,00,000 for hand sanitizers, laptop for * 50,000 and motor vehicle worth* 1,00,000 for office use. He paid ? 40,000 as electricity bill, 10,000 for stationeryand 5,000 for telephone charges during the year. He distributed hand sanitizersworth * 10,000 to his friends and relatives. From the above calculate :(a) Capital(b) Non current assets(c) Expenses

Answer»

Accounting or ACCOUNTANCY is the measurement, PROCESSING, and communication of FINANCIAL and non financial INFORMATION about ECONOMIC entities such as businesses and corporations.

Organizations in this sector: Institute of Chartered Accountants in England and Wales

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