Class 11 Exam > Class 11 Questions > 1. Started Business With Cash Rs 40000. 2 Goo...
Start Learning for Free
1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.?
Most Upvoted Answer
1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs...
Started Business With Cash Rs 40000
The business was started with an initial investment of Rs 40000 in cash. This amount would be recorded as the owner's capital in the accounting books.
Goods Purchased On Credit Rs 20000
The business made a purchase of goods worth Rs 20000 on credit. This means that the payment for these goods will be made at a later date, typically within a specified credit period. The credit purchase would be recorded as an accounts payable liability in the books of accounts.
Rent Received Rs 2000
The business received Rs 2000 as rent. This indicates that the business owns a property or an asset that is being rented out to generate additional income. The rent received would be recorded as rental income in the books of accounts.
Accrued Rent Rs 1000
The business has accrued Rs 1000 as rent. Accrued rent refers to the rent that has been earned but not yet received. It is recorded as an accounts receivable in the books of accounts. This indicates that the business is entitled to receive the rent at a later date.
Interest Received Rs 1500
The business received Rs 1500 as interest. This could be interest earned on investments or loans given to other parties. The interest received would be recorded as interest income in the books of accounts.
Overall, these transactions represent the financial activities of the business, including the initial investment, credit purchases, rental income, accrued rent, and interest income. These transactions would be recorded in appropriate accounts in the accounting books to maintain an accurate record of the business's financial position and performance.
Community Answer
1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs...
Got - a/C -leadger
Attention Class 11 Students!
To make sure you are not studying endlessly, EduRev has designed Class 11 study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Class 11.
|
Explore Courses for Class 11 exam
|
|
Top Courses for Class 11View all
1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.?
Question Description
1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? 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 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.?.
1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? 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 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? covers all topics & solutions for Class 11 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.?.
Solutions for 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? in English & in Hindi are available as part of our courses for Class 11.
Download more important topics, notes, lectures and mock test series for Class 11 Exam by signing up for free.
Here you can find the meaning of 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? defined & explained in the simplest way possible. Besides giving the explanation of
1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.?, a detailed solution for 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? has been provided alongside types of 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? theory, EduRev gives you an
ample number of questions to practice 1. Started Business With Cash Rs 40000. 2 Goods Purchased On Credit Rs 20000. 3. Rent Received Rs 2000. 4. Accrued Rent Rs 1000. 5. Interest Received Rs 1500.? tests, examples and also practice Class 11 tests.
|
|
Explore Courses for Class 11 exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup