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 worth1,00,000 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 assets3Expenses
Answer» Answer: 1.)Capital=1000000+200000=1200000 2.) NON CURRENT assets=100000+300000+50000+100000= 550000 3.) expenses=40000+10000+5000=55000

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 worth1,00,000 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 assets3Expenses

Answer»

Answer:

1.)Capital=1000000+200000=1200000

2.) NON CURRENT assets=100000+300000+50000+100000= 550000

3.) expenses=40000+10000+5000=55000

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