1. Mr. Srinivas started a Mobile business with 4,00,000/-
2. Cash deposited into SBI 50,000/-
3. Furnisher purchased 15,000/-
4. Purchase as follows:-
a. Samsung mobiles – 15 sets @ 7000/- cash discount 12%
b. Lenovo mobiles – 10 sets @ 5500/- cash discount 15%
c. Nokia Lumia mobiles – 5 sets @ 6000/- cash discount 25%
5. Cash with draw from SBI 30,000/-
6. Sales as follows:-
a. Samsung mobiles – 15 sets @ 12,000/- cash discount 10%
b. Lenovo mobiles – 10 sets @ 9,000/- cash discount 20%
c. Nokia Lumia mobiles – 5 sets @ 11,000/- cash discount 30%
7. Sales returns:-
a. Lenovo mobiles – 2 sets cash discount 20%
b. Nokia Lumia mobiles – 1 set cash discount 30%
8. Purchase returns:-
a. Lenovo mobiles – 2 sets cash discount 15%
b. Nokia Lumia mobiles – 1 set cash discount 25%
PROBLEM 2:-
1. Mr. Prakash started a Furnicher business with 10,00,000/-
2. Cash deposited into Andhra Bank 50,000/-
3. Rent paid through bank 15,000/-
4. Purchase as follows:-
a. Double cots – 10 no’s @ 25,000 cash discount 5.3%
b. Dining Tables – 15 sets @ 40,000/- cash discount 2.5%
c. Divan cots – 10 sets @ 12,000/- cash discount 8%
d. Dressing tables -20 sets @ 10,000/- cash discount 4.5%
5. Sales as follows:-
a. Double cots – 7 no’s @ 34,000 cash discount 2.7%
b. Dining Tables – 11 sets @ 48,000/- cash discount 5.5%
c. Divan cots – 5 sets @ 20,000/- cash discount 6.2%
d. Dressing tables -15 sets @ 18,000/- cash discount 3.5%
6. Sales returns:-
a. Dining Tables – 2 sets cash discount 5.5%
b. Dressing tables -1 set cash discount 3.5%
7. Purchase returns:-
a. Dining Tables – 2 sets
b. Dressing tables -1 set
Dumbu 74
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