Question: Aneesh Traders is a sole proprietorship started by Aneesh on 01st April 2021 by investing Rs.5,000,000/- in cash. The following additional information is also provided:

Aneesh Traders is a sole proprietorship started by Aneesh on 01st April 2021 by investing Rs.5,000,000/- in cash. The following additional information is also provided: (1) Summary of the Cash Control Account (Cash Book) for the year ended 31st March 2022 was as follows:

Receipts Initial Capital Investment Cash Sales Receipts from Trade Debtors Balance B/F

Cash Control Account (Cash Book) Dr (Rs.) Payments 5,000,000 Cash Purchases 3,200,000

Receipts Initial Capital Investment Cash Sales Receipts from Trade Debtors Balance B/F Cash Control Account (Cash Book) Dr (Rs.) Payments 5,000,000 Cash Purchases 3,200,000 Payments to Trade Creditors 1,400,000 Salaries and Wages Office Rent 9,600,000 350,000 Purchase of a Machinery (Purchased on 01st January 2022) ****** Electricity Balance C/F Cr (Rs.) 2,100,000 2,150,000 1,300,000 600,000 3,000,000 100,000 350,000 9,600,000 KHERE

Step by Step Solution

3.45 Rating (148 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

The detailed ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!