Scribd
Upload
8 views1 page

Amol Education Center Financial Summary

Amol Education Center started with an investment of Rs. 12,00,000 and has generated total income of Rs. 3,50,500 after accounting for various expenses. The balance sheet shows a total balance of Rs. 15,50,500, with cash-in-hand amounting to Rs. 6,50,500 and bank accounts holding Rs. 6,00,000. The company has made significant purchases for office use and received various admission fees from students.

Uploaded by

simar
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
8 views1 page

Amol Education Center Financial Summary

Amol Education Center started with an investment of Rs. 12,00,000 and has generated total income of Rs. 3,50,500 after accounting for various expenses. The balance sheet shows a total balance of Rs. 15,50,500, with cash-in-hand amounting to Rs. 6,50,500 and bank accounts holding Rs. 6,00,000. The company has made significant purchases for office use and received various admission fees from students.

Uploaded by

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

Problem 2

Company Name : Amol Education Center


01) Amol Started Business with. [] Rs.12,00,000/-
02) Cash deposited at Bank of India. [] Rs.6,00.000/-
03) They purchase some Computer for office use. [] Rs.2,00,000/-
04) They Purchase Furniture by Cheque. [] Rs. 1,00,000/- [Link].10025
05) They received all students C++ Admission Fees. [] Rs.1,50,000/-
06) They received all Students JAVA Admission Fees. [] Rs.1,00,000/- [Link].55003
07) They received all students Python Admission Fees. [] Rs.1,00,000/-
08) They received all students HTML Admission Fees. [] Rs.50,000/- [Link].10205
09) Rent Paid. [] Rs.12,000/-
10) Light Bill Paid. [] Rs.2,000/-
11) Salary Paid. [] Rs.30,000/-
12) Telephone Bill Paid. [] Rs.500/-
13) Other Expenses. [] Rs.5,000/-
14) Withdraw from Bank office use. [] Rs.50,000/- [Link].10026

Answer
Balance Sheet Rs.15,50,500/-
Net Profit Rs.3,50,500/-
Cash–in-Hand Rs.6,50,500/-
Bank Accounts Rs.6,00,000/-

You might also like