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MBA BM 2016
Sold goods costing Rs. 10000 at a profit of 25% on sales for cash.
Required: Convert each of the above business decision into financial transaction and reflect the same in the
Financial statements
2. Mr. A started a business on 1st January 2016. Following the transactions upto 31st March13
Rent 5,000
Rent 5,000
Rent 5,000
Required: Record these financial transactions using accounting equation in the financial statements
Started business with a capital of Rs. 5,00,000. Out of the capital, Rs. 400,000 was deposited in the bank
and balance was cash in hand.
Mr. Y failed to make the payment on the due date. The entire money was declared bad-debt.
Required: Convert each of the above business decision into financial transaction and reflect the same in the
Financial statements