Class xi
subject: accountancy
basic terms
q. virat kohli started a business of selling stationery items in delhi in the month of july, 2020.the firm was named as " sabke sath stationers". he took ₹4,00,000 from his father and ₹6,00,000 from his own savings and invested the money in the business. he could not afford to buy a shop so a shop was taken on rent of ₹7,000 p.m. the firm purchased 2 fans, 3 tubelights for ₹5,600. the firm also bought 2 almirahs, one showcase , three tables and two chairs for ₹10,800. he hired a helper to assist him in his work at a monthly wage of ₹4,700. after getting the white washing done at a cost of ₹2,500 , he started the business. a bank account was opened with axis bank and ₹75,000 were deposited in the account. the firm purchased 12 dozen registers, 15 dozen copies, colours, and other stationery material from dhoni for cash of ₹12,000. during the month 2dozen registers and 1 dozen copies and other material was sold for cash ₹3,000 and a customer shikhar promised to pay the money ₹1,200 after one month for sales made. after two days, a customer returned 4 registers of ₹480 as they were torn. during the month, virat spent ₹1,000 on tea, coffee and other snacks. he got a big banner placed in front of the shop costing ₹600.he bought certain stationery items from hardik for ₹8,000 .one day he took home a color box of ₹120 for his son. he also donated ₹151 for a temple constructing nearby. his telephone bill and electricity bill for the month of july came out to be ₹1,500 and ₹2,500 respectively. he also borrowed ₹10,000 cash from his brother for some emergency in business.
classify the above items under various heads done in basic terms.
Answer:He ducked into an arched doorway that headed to the subway. Then he got lost. Knowing that he was going wrong he continued to walk downward. The tunnel turned a sharp left and then taking a short flight of stairs he came out on the third level at the Grand Central Station
Answer:He ducked into an arched doorway that headed to the subway. Then he got lost. Knowing that he was going wrong he continued to walk downward. The tunnel turned a sharp left and then taking a short flight of stairs he came out on the third level at the Grand Central Station