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Mr Ramesh started business on 1st april2011 with a capital of rs 150000during the year the following transaction took place Furniture purchase for cash rs 20000 Purchased goods from Mahesh on credit rs 25000?
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Mr Ramesh started business on 1st april2011 with a capital of rs 15000...
Mr Ramesh's Business Transactions


Starting Capital


  • Mr Ramesh started his business on 1st April 2011 with a capital of Rs 150,000.



Purchase of Furniture


  • On an unspecified date, Mr Ramesh purchased furniture for cash worth Rs 20,000.



Purchase of Goods on Credit


  • On an unspecified date, Mr Ramesh purchased goods from Mahesh on credit worth Rs 25,000.



Explanation of Transactions


  • Mr Ramesh's starting capital of Rs 150,000 is the amount of money he invested to start his business.

  • The purchase of furniture for cash worth Rs 20,000 is a capital expenditure as it is a long-term investment for the business.

  • The purchase of goods from Mahesh on credit worth Rs 25,000 is a credit purchase, which means that Mr Ramesh bought goods on credit and will pay for them at a later date.



Conclusion


  • Mr Ramesh's business transactions for the year include a starting capital of Rs 150,000, a capital expenditure of Rs 20,000 for furniture purchase, and a credit purchase of Rs 25,000 from Mahesh.

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Mr Ramesh started business on 1st april2011 with a capital of rs 15000...
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Mr Ramesh started business on 1st april2011 with a capital of rs 150000during the year the following transaction took place Furniture purchase for cash rs 20000 Purchased goods from Mahesh on credit rs 25000?
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