Chapter 1 What do you understand by Financial Capital ? What is the difference between Financial capital and Physical capital? Chapter 2 Record the following transaction in simple cash book for November 2020: Cash in hand 01 12,500 04 Cash paid to Hari 600 07 Purchased goods 800 12 Cash received from Amit 1,960 16 Sold goods for cash 800 20 Paid to Manish 590 25 Paid cartage 100 30 Paid salary 1,000 Chapter 3 A company has prepared the following projections for a year 2021 The data for the 2020 is given below Sales 21000 units Selling Price per unit R0.40 Variable Costs per unit RO.25 Total Costs per unit RO.35 Credit period allowed One Month. For the year 2021 company proposes to increase the credit period allowed to its customers from one month to two month. It is expected that due to change in policy as above will increase the sales by 8% Calculate the closing receivable for the year 2021