Rakesh started a business with a capital of 10,00,000/-
Postage expenses paid 1000/- Cash deposited into Andhra Bank 2,00,000/- Cash paid to Raja 25,000/- Freight expenses paid 5,000/- Infosys shares bought by Andhra Bank Cheque 100 @ 500/- each Cash drawn from Andhra bank 30,000/- Interest Received from Raja 3,500/- Loan given to Srikanth 50,000/- Petty income 1,900/-
Cash-in-hand: 7,54,400 /- Net loss: 600/-
Andhra Bank: 1,20,000/-
Excise -2
Ravi started a business with a capital of 15,00,000/-
RC Expenses paid 5000/- Cooli Expenses paid 2000/- Computer bought for cash 25,000/- Cash paid to Rajeev 70,000/- Loan Taken from Raju 90,000/- Cash deposited into SBI 4,00,000/- S.C Bonds bought for SBI Cheque 35,000/- Stationary bought for cash 2,250/- Cash drawn from Suresh 55,000/- Sadar Expenses incurred 950/-