Answer to Question #335605 in Management for Rimjhim

Question

Introduced Rs500000 through a cheque by the Owner as the Initial capital in the business

2. Purchased goods on credit from Ms. Ritu at Rs 40000

3. Paid Rs 10000 as salary to the employees

4. Invested Rs200000 in a fixed deposit account

5. Paid school fees of the kid Rs 25000, from the business’s bank account.

Note: (2*5 = 10 marks) 1 marks for analyzing each transaction and 1 mark for

correct journal entry