InterviewSolution
Saved Bookmarks
| 1. |
Jhalak started business with cash 50000 she paid rent of shop 5000 purchased furniture for 20500 and paid 500 on its cartage she paid wages 3000 and advertising expenses 2000 identify and calculate the value of various kind of expenditure |
| Answer» KIND of expenditures are are given below.Explanation: Capital - 50000This is jhalak capital expenditure. She started business with cash.Rent - 5000Rent paid is revenue expenditure .Furniture - 20500+500 = 21000The total amount of furniture will be 21000. We add cartage to the VALUE of asset PURCHASED. Wages- 3000Wages paid to various Labour is another expenditure.Advertisement expenses - 2000It is ALSO an expenditure for the company. | |