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1. 2. 3. 4. 5. 6. 7. 8. Nitin invested Rs.5,00,000 cash in the business. Purchased building for Rs.2,50,000 in cash. Purchased merchandise (goods) on
1. 2. 3. 4. 5. 6. 7. 8. Nitin invested Rs.5,00,000 cash in the business. Purchased building for Rs.2,50,000 in cash. Purchased merchandise (goods) on account for Rs.50,000. Sold merchandise for cash Rs.75,000. Nitin withdrew cash Rs.12,500 for personal use. Paid Rent Rs.2,000; Salary Rs.4,000. Cash sales Rs.10,000. Cash deposited in bank Rs.20,000
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Money, Banking And Financial Markets
Authors: Stephen G. Cecchetti, Kermit L. Schoenholtz
3rd Global Edition
1259071197, 9781259071195
