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MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.?
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MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE ...
Mr. Kanha's Investment and Business Decisions
Investment in ICIC Ltd.
- Mr. Kanha had 1000 shares of ICIC Ltd. of Rs.100 each in March 2017.
- He sold his shares @980 each on 1st April 2017.
Starting Kanha Garments
- With the amount received from selling ICIC shares, Mr. Kanha decided to start a business of kids' garments under the name of Kanha Garments.
- All transactions were decided to be made through bank and all money was to be deposited in ICICI Bank.
Investment in Business Assets
- Mr. Kanha purchased land and building for factory at Rs.400000.
- He also purchased plant and machine at Rs.350000 and furniture at Rs.50000.
- The stock was purchased at Rs.90000.
- He also took a loan from ICICI Bank for Rs.400000 @ 10%.
- He purchased a computer for Rs.30000.
Conclusion
- Mr. Kanha invested in ICIC Ltd. and sold his shares at a profit.
- He used the amount received to start a business of kids' garments and invested in assets required for the business.
- He also took a loan from ICICI Bank to finance his business.
- By making all transactions through bank and depositing all money in ICICI Bank, Mr. Kanha ensured transparency and accountability in his business dealings.
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MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.?
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MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.?.
MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.? for Class 11 2024 is part of Class 11 preparation. The Question and answers have been prepared according to the Class 11 exam syllabus. Information about MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.?.
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MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.?, a detailed solution for MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.? has been provided alongside types of MR.KANHA HAD 1OOO SHARES OF ICIC LTD. OF RS.1OO EACH IN MARCH 2017,HE SOLD HIS SHARES @980 EACH 1 APRIL 2017 WITH THIS AMOUNT HE DECIDED TO START BUSINESS OF KIDS GARMENTS UNDER THE NAME OF KANHA GARMENTS.HE DECIDED TO MAKE ALL TRANSACTION THROUGH BANK AND DEPOSIT ALL MONEY IN ICICI BANK. HE PURCHASED LAND BUILDING FOR FACTORY AT 400000 PLANT AND MACHINE AT 350000 FURNITURE 50000 STOCK 90000. HE ALSO TOOK A LOAN FROM ICICI BANK FOR RS.400000 @ 10%. HE PURCHASED A COMPUTER FOR 30000.? theory, EduRev gives you an
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