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Ruchi decide to start business of fashion garments under the name of M/s Fashion Point from 1st April, 2018. She invested Rs. 5,00,000 out of her saving and borrowed Rs. 3,00,000 from Central Bank of India at a interest of 12% P.A. She purchased a commercial space for Rs. 4,00,000. She purchased furniture and fixtures for Rs. 80,000 plus CGST and SGCT @ 9 % each. She started business on 1 st?
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Ruchi decide to start business of fashion garments under the name of M...
Starting a Fashion Garments Business: M/s Fashion Point


Initial Investment


  • Ruchi invested Rs. 5,00,000 from her savings.

  • Borrowed Rs. 3,00,000 from Central Bank of India at an interest rate of 12% P.A.



Expenses


  • Commercial space purchased for Rs. 4,00,000.

  • Furniture and fixtures purchased for Rs. 80,000 plus CGST and SGCT at 9% each.



Start of the Business


  • The business was started on 1st April, 2018.



Overall, Ruchi invested a total of Rs. 8,00,000 to start her fashion garments business, M/s Fashion Point. She used her savings and also borrowed money from Central Bank of India. She purchased a commercial space for the business and also furniture and fixtures. The business officially started on 1st April, 2018.
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Ruchi decide to start business of fashion garments under the name of M...
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Ruchi decide to start business of fashion garments under the name of M/s Fashion Point from 1st April, 2018. She invested Rs. 5,00,000 out of her saving and borrowed Rs. 3,00,000 from Central Bank of India at a interest of 12% P.A. She purchased a commercial space for Rs. 4,00,000. She purchased furniture and fixtures for Rs. 80,000 plus CGST and SGCT @ 9 % each. She started business on 1 st?
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Ruchi decide to start business of fashion garments under the name of M/s Fashion Point from 1st April, 2018. She invested Rs. 5,00,000 out of her saving and borrowed Rs. 3,00,000 from Central Bank of India at a interest of 12% P.A. She purchased a commercial space for Rs. 4,00,000. She purchased furniture and fixtures for Rs. 80,000 plus CGST and SGCT @ 9 % each. She started business on 1 st? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Ruchi decide to start business of fashion garments under the name of M/s Fashion Point from 1st April, 2018. She invested Rs. 5,00,000 out of her saving and borrowed Rs. 3,00,000 from Central Bank of India at a interest of 12% P.A. She purchased a commercial space for Rs. 4,00,000. She purchased furniture and fixtures for Rs. 80,000 plus CGST and SGCT @ 9 % each. She started business on 1 st? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Ruchi decide to start business of fashion garments under the name of M/s Fashion Point from 1st April, 2018. She invested Rs. 5,00,000 out of her saving and borrowed Rs. 3,00,000 from Central Bank of India at a interest of 12% P.A. She purchased a commercial space for Rs. 4,00,000. She purchased furniture and fixtures for Rs. 80,000 plus CGST and SGCT @ 9 % each. She started business on 1 st?.
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