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Abhinav started a business with an initial cash of Rs 150,000 and made various transactions including purchasing plant and machinery, selling goods, and incurring expenses. Key financial activities included a cash sale of Rs 70,000, a purchase of goods for Rs 37,000, and a credit purchase from Jai & Co. The document also mentions depreciation, interest received, and a balance sheet along with a profit and loss account.

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BHUPENDRA SINGH HADA COMMERCE NCR
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21 views

cia-1_lab

Abhinav started a business with an initial cash of Rs 150,000 and made various transactions including purchasing plant and machinery, selling goods, and incurring expenses. Key financial activities included a cash sale of Rs 70,000, a purchase of goods for Rs 37,000, and a credit purchase from Jai & Co. The document also mentions depreciation, interest received, and a balance sheet along with a profit and loss account.

Uploaded by

BHUPENDRA SINGH HADA COMMERCE NCR
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Aabhigyan Kumar 2215001 3BCA-A CIA-1

Abhinav started business with Cash Rs 150000.

Purchased Plant & Machinery from Ramesh machine works Rs 45,000.

Sold good for cash Rs 70,000.

Depreciation on Plant & Machinery Rs. 3000


Purchased goods for cash Rs 37,000.

Deposited into State Bank of India Rs 75,000.

Purchased goods from Jai & Co. for Rs 50,000 on credit.4

Paid for commission by cheque Rs 2,000.

Received Interest Rs 1,000.


Paid to Jai & Co Rs. 45000 and received discount Rs. 5000.

Balance Sheet

Profit and loss A/c


Day Book

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