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On January 1, 2021, Ajay Joshi set up a Fly-by-Night Delivery Company and conclude the following activities during the first month, Analyze the impact
On January 1, 2021, Ajay Joshi set up a Fly-by-Night Delivery Company and conclude the following activities during the first month, Analyze the impact or no effect of the following activities on the Statement of Sources and Application of Funds. Answer the questions in the format given (Marks 0.50*10=5] below (a) Joshi invested 10,000 cash in the company's share capital (b) Bought a car for cash, 8,000. (c) Filled petrol for 1,000 on payment of 800; balance to be paid in two weeks (d) Received advance payment from a customer, 1,000. (e) Bought office supplies on credit, 3,000 (f) Received cash for services provided, 8,000 (g) Billed customers for services, 6.200 (h) Paid office rent, 4,000 (Paid the amount due in (c) A 2PC A
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