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Attempt the following Vikas and Vaibhavi start a company V2 Consulting Services Put. Ltd on April 1, 2023. They invest cash of Rs5,0 0,000 each
Attempt the following Vikas and Vaibhavi start a company V2 Consulting Services Put. Ltd on April 1", 2023. They invest cash of Rs5,0 0,000 each in the business. On April 74, 2023 they purchase office furniture of Rs. 250000 in cash. On April 8t, they open a current account with SBI by depositing an amount of Rs. 5,00,000. On the same day they paid office rent of Rs. 35,000 for the month by cheque drawn on SBI. They bought a car worth Rs. 4,50,000 from Millenium Motors by making a down payment of Rs. 50,000 by cheque and the balance by taking a loan from HDFC Bank. Vikas and Vaibhavi carried out a consulting assignment for Avon Pharma and raised
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