Question
Give any three examples of revenues.
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2017
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August 4
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Returned to Saraswati House, Bhiwani 25 Chairs @ ₹ 1,800 per Chair, being not of specified quality.
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| Trade Discount 10% | |
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August 12
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Sent back one Dining Table to Navneet Enterprise, Karnal (Haryana) for not being polished @ ₹ 10,000 and 20 Chairs @ ₹ 2,000 each.
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August 20
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Returned to Yadav & Co., Patiala (Punjab), being not according to sample
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| 20 Chairs @ ₹ 1,500 each. | |
| 2 Dressing Tables @ ₹ 7,500 each. | |
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August 28
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Allowance claimed from Navneet Enterprise, Ludhiana (Punjab) on account of mistake in the invoice ₹ 5,000.
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| S.no | ₹ | |
| (i) | Gopinath started business with cash | 25,000 |
| (ii) | Purchased goods from Shyam | 10,000 |
| (iii) | Sold goods to Sohan costing ₹ 1,800 | 1,500 |
| (iv) | Gopinath withdrew from business | 5,000 |
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2019
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₹
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March 1
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Started business with cash
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50,000
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March 2
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Purchased Machinery for cash
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20,000
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Paid installation charges on machinery
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2,000
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March 5
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Purchased goods from X of the list price of ₹ 25,000, Trade Discount 20% and cash discount 5%. Payment was made in cash immediately
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March 10
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Sold goods to Y costing ₹ 10,000 at 30% profit on cost less 10% trade discount
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March 15
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Paid Rent
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1,000
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March 20
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Goods stolen from business
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2,000
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March 22
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Gave as charity: Cash
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100
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Goods
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200
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March 31
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Purchased Post Cards and Envelopes
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50
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March 31
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Purchased a Computer for business
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25,000
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