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Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer?.

Solutions for Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Read the following hypothetical Case Study and answer the given questions:Mr. Manoj Manohar Lal Started a new business with a cash of ₹60,000 by the name Manohar Lal and Sons on the 1st of March 2020. For the business, he had to purchase furniture on the 2nd of March worth ₹10,000. He decided to buy the goods for cash as well on that day for ₹25,000 and on credit from Jankidas and Sons for ₹50,000. On the 4th of March he was able to sell the goods at ₹60,000 out of which 75% was on credit to different people. On the 5th of March he bought further goods from Kamlesh worth ₹15,000 and on the same day he sold goods at ₹36,000 for cash. On the 8th of March he received 80% of the cash from his debtors and so he paid his creditor Jankidas and Sons ₹40,000. On the 10th of March he sold goods to Hari at ₹30,000 and paid ₹15,000 to Kamesh. Hari paid him ₹18,000 on the 14th of March. On 16th he purchased goods worth ₹14,000 from Sohan out of which he paid ₹8,000 in cash. On the 20th he paid the office rent of ₹1,000 and received commission of ₹750. On the 24th there was a lockdown announced, so he paid salary to his employee of ₹1,200 and told him not to come until things are better. Hari on the same day transferred to his bank account ₹12,000 and he withdrew ₹4,000 for personal use.The amount deposited by Hari directly in the bank will be recorded in the ____________ account.a)Bankb)cashc)Debtorsd)NoneCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.