Question
Initial Capital: Rs. 20,00,000 Journalizing Transactions according to Indian accounting standards The company invested Rs. 20,00,000 as initial capital. Purchased solar panels inventory for Rs.
Initial Capital: Rs. 20,00,000
Journalizing Transactions according to Indian accounting standards
The company invested Rs. 20,00,000 as initial capital. Purchased solar panels inventory for Rs. 5,00,000. Acquired a bank loan of Rs. 7,00,000 to support working capital. Sold solar panels worth Rs. 9,00,000. Incurred Rs. 2,50,000 in marketing and advertising expenses to boost sales. Hired additional sales and marketing staff, incurring Rs. 1,80,000 in salaries. Received Rs. 1,50,000 from customers for energy efficiency audits. Paid Rs. 60,000 in rent for the company's headquarters. Purchased wind turbines inventory for Rs. 3,50,000. Sold wind turbines worth Rs. 7,00,000. Received Rs. 1,80,000 for energy efficiency audits. Incurred Rs. 1,20,000 in research and development expenses. Declared a profit of Rs. 2,00,000 for the company, demonstrating a focus on successful sales and revenue generation.
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