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Commenced business with cash cash 50000 , machinery 15000, stock 5000?
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Commenced business with cash cash 50000 , machinery 15000, stock 5000?
Commencement of Business with Cash, Machinery, and Stock
When a business is started, it requires some initial investment to set up the operations and run it smoothly. In this case, the business has started with:
- Cash: The business has started with cash of 50,000. This is the initial investment made by the owner or the partners to set up the business.
- Machinery: The business has also invested in machinery worth 15,000. This machinery will be used in the production process and will help in the manufacturing of products.
- Stock: The business has also invested in stock worth 5,000. This stock can be raw material or finished goods that will be used in the production process or sold to customers.
Importance of Cash, Machinery, and Stock in Business
Cash, machinery, and stock are essential elements in starting and running a business. These assets help the business to:
- Set up the operations
- Manufacture products
- Sell products
- Generate revenue
- Expand the business
Cash is required to pay for expenses such as rent, salaries, utilities, and raw materials. Machinery is essential in the production process as it helps to manufacture products efficiently. Stock is required to meet the demand of customers and generate revenue for the business.
Conclusion
Starting a business requires a significant amount of investment, and cash, machinery, and stock are the essential elements required to set up and run the business. These assets are crucial in generating revenue, expanding the business, and achieving success in the long run.
Community Answer
Commenced business with cash cash 50000 , machinery 15000, stock 5000?
Cash -dr.50k
machine-dr. 15k
stock-dr. 5k
To capital- 70000
machine-dr. 15k
stock-dr. 5k
To capital- 70000
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Commenced business with cash cash 50000 , machinery 15000, stock 5000? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Commenced business with cash cash 50000 , machinery 15000, stock 5000? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Commenced business with cash cash 50000 , machinery 15000, stock 5000?.
Commenced business with cash cash 50000 , machinery 15000, stock 5000? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Commenced business with cash cash 50000 , machinery 15000, stock 5000? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Commenced business with cash cash 50000 , machinery 15000, stock 5000?.
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