Mr. Babush the proprietor of Babush Textiles purchased the following m

1.	Mr. Babush the proprietor of Babush Textiles purchased the following materials from SedrickTraders for cash: -500 meters of cotton @ Rs 20 each.100 sets of Kids readymade wear @ Rs 40 each per set.He sold to K.N Traders 300 and 50 meters of cotton cloth @ Rs 45 each for cash and forcredit respectively.Sold to Ruby readymade stores 75 sets of kids readymade wear @ Rs 100 per set.He bought a new table for his shop for Rs 12,000Rent paid for the building amounted to Rs 5,000.Read carefully the above transactions and answer the following:Calculate Mr. Babush’s total purchases.Calculate his total expense.Calculate his Revenue and Income for the period.Are there any Debtors or Creditors for Babush due to the above transaction? If yes, calculatethe amount of Debtors and Creditors.
Answer» ANSWER: Videos PREVIEW 22:36 CAT 2006: LRDI - Chetan and Michael SHARES questionExplanation:

Mr. Babush the proprietor of Babush Textiles purchased the following materials from SedrickTraders for cash: -500 meters of cotton @ Rs 20 each.100 sets of Kids readymade wear @ Rs 40 each per set.He sold to K.N Traders 300 and 50 meters of cotton cloth @ Rs 45 each for cash and forcredit respectively.Sold to Ruby readymade stores 75 sets of kids readymade wear @ Rs 100 per set.He bought a new table for his shop for Rs 12,000Rent paid for the building amounted to Rs 5,000.Read carefully the above transactions and answer the following:Calculate Mr. Babush’s total purchases.Calculate his total expense.Calculate his Revenue and Income for the period.Are there any Debtors or Creditors for Babush due to the above transaction? If yes, calculatethe amount of Debtors and Creditors.

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