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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.?
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Ruchi decide to start business of fashion garments under the name of M...
Starting a Business of Fashion Garments - 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 a 12% interest rate per annum

Purchase of Commercial Space:

- M/s Fashion Point purchased a commercial space for Rs. 4,00,000

Purchase of Furniture and Fixtures:

- M/s Fashion Point purchased furniture and fixtures for Rs. 80,000
- CGST and SGST were applicable at a rate of 9% each

Calculation of CGST and SGST:

- CGST = 9% of Rs. 80,000 = Rs. 7,200
- SGST = 9% of Rs. 80,000 = Rs. 7,200

Total Investment:

- Ruchi invested Rs. 5,00,000
- Borrowed Rs. 3,00,000 at a 12% interest rate per annum
- Purchased a commercial space for Rs. 4,00,000
- Purchased furniture and fixtures for Rs. 80,000 plus CGST and SGST of Rs. 7,200 each
- Total investment = Rs. 12,94,400

Conclusion:

M/s Fashion Point started its business of fashion garments on 1st April, 2018. Ruchi invested Rs. 5,00,000 from her savings and borrowed Rs. 3,00,000 from Central Bank of India at a 12% interest rate per annum. The company purchased a commercial space for Rs. 4,00,000 and furniture and fixtures for Rs. 80,000 plus CGST and SGST of Rs. 7,200 each. The total investment made by M/s Fashion Point was Rs. 12,94,400.
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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.?
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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.? for JEE 2024 is part of JEE preparation. The Question and answers have been prepared according to the JEE 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.? covers all topics & solutions for JEE 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.?.
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