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Problem 1

Mr. Naveen started a business with an initial investment of 5,00,000, depositing 1,50,000 into a bank and purchasing furniture for 25,000. He incurred expenses including salaries and depreciation while making various purchases and sales of mobile phones, with total commissions received amounting to 17,000. The document outlines detailed transactions including quantities, prices, and types of sales for different mobile brands.

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6 views1 page

Problem 1

Mr. Naveen started a business with an initial investment of 5,00,000, depositing 1,50,000 into a bank and purchasing furniture for 25,000. He incurred expenses including salaries and depreciation while making various purchases and sales of mobile phones, with total commissions received amounting to 17,000. The document outlines detailed transactions including quantities, prices, and types of sales for different mobile brands.

Uploaded by

km980993
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Problem 1

1. Mr.Naveen started a new business with 5,00,000/-


2. Cash Deposited into Andhra Bank 1,50,000/-
3. Furnicher Purchased 25,000/-
4. Salary Paid 15,000/- through bank
5. Depreciation on Furnicher 4,000/-
6. Purchase as fallows:-
a) Nokia Mobiles 10 Sets Each one 6,000/-
b) Lava Mobiles 20 Sets Each one 3,500/-
c) Samsung Mobiles 15 Sets Each one 5,000/-
d) Lenovo Mobiles 25 Sets Each one 4,500/-

7. Sales as fallows:-
a) Nokia Mobiles 5 Sets Each one 7,500/- Dealer Price
b) Samsung Mobiles 2 Sets Each one 9,000/- Retailer Price
c) Lenovo Mobiles 10 Sets Each one 5,000/- Dealer Price
d) Lava Mobiles 10 Sets Each one 5,500/- Wholesale Price
e) Nokia Mobiles 2 Sets Each one 9,200/- Customer Price
f) Lenovo Mobiles 8 Sets Each one 6,500/- Wholesale Price
g) Samsung Mobiles 6 Sets Each one 8,000/- Wholesale Price
h) Lava Mobiles 5 Sets Each one 4,200/- Dealer Price
i) Lava Mobiles 2 Sets Each one 6,300/- Retailer Price
j) Nokia Mobiles 2 Sets Each one 8,400/- Wholesale Price
k) Samsung Mobiles 5 Sets Each one 6,500/- Dealer Price
l) Lenovo Mobiles 4 Sets Each one 7,500/- Customer Price
m) Samsung Mobiles 2 Sets Each one 9,800/- Customer Price
n) Lenovo Mobiles 2 Sets Each one 7,000/- Retailer Price
o) Lava Mobiles 2 Sets Each one 6,900/- Customer Price

8. Commission Received through bank 17,000/-

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