Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

sell land by 100000 cash Q.2: M/s Zaviyar Corporation begun A-1 Cleaners, a carpet cleaning business, on October 01 and completed the following transaction during

sell land by 100000 cash
image text in transcribed
Q.2: M/s Zaviyar Corporation begun A-1 Cleaners, a carpet cleaning business, on October 01 and completed the following transaction during the month: (15) October 1. Begun business by transferring Rs. 60000 from his personal bank account to the business bank account 2. Ordered cleaning supplies, Rs. 5000. 3. Purchased cleaning equipment for Rs. 14000. 4. Leased a Van by making two months' lease payment in advance, Rs. 10000 by cheque. 5. Withdrew Rs. 10000 from bank account for business use. 7. Received the cleaning supplies ordered on October 2 and agreed to pay half the amount in ten days and the rest in 30 days. 9. Paid for repairs on the van, Rs. 400 in cash. 12. Received cash for cleaning carpets, Rs. 4800. 17. Paid half of the amount awed on supplies purchased on October 7, Rs. 2500 by cheque. 21. Billed customer for cleaning carpets, Rs. 26700. 24. Paid for additional repairs on the van with cash, Rs. 400. 27. Received Rs. 13000 from the customers billed on October 21 by cheque. 31. Withdrew Rs. 3500 from the bank for personal use

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

What is Working Capital ? Explain its types.

Answered: 1 week ago