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MOS an On March 1 2021. Mr. Abhishek set up a loan recovery business and conclude the foll following activities on the statement of sources
MOS an On March 1 2021. Mr. Abhishek set up a loan recovery business and conclude the foll following activities on the statement of sources and application of funds. Answer the que a. Abhishek invested cash in the business 20,000 b. Brought equipment for cash 12,000 c. Paid rent deposit for office 5,000 d. Provided services for cash 19,000 e. Provided services on credit 14,000 f. Paid salaries 8,000 g. Collected payments for past invoices 8,500 h. Received advance payment for services 2,000 a. Paid rent 500 [Marks 0.5*9= 4.5) Cash Asset Trade Equipment Receivables Rent Liabilities Trade Payables Deposit Capital Abhishek's Capital a) b) c) d) 3 ) Cotal
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