Fundamentals of Accounting

01-May-2022 | Priya started the Departmental Store by investing ₹ 10,00,000 cash.

01-May-2022 | Priya deposited ₹ 10,00,000 cash in HDFC Bank

01-May-2022 | Loan taken from ICICI Bank ₹ 2,50,000 and interest paid ₹ 2,500 per month

01-May-2022 | Bought Shopping Carts worth ₹ 20,000/-

01-May-2022 | Took a store space on Rent which is ₹ 30,000/- per month and paid a deposit of ₹ 1,00,000 to the landlord.

01-May-2022 | Bought a refrigerator to store goods worth ₹ 25,000/-

01-May-2022 | Bought Car for business purpose worth ₹ 2,00,000/-

01-May-2022 | Car insurance paid for a year worth ₹ 5,000/-

02-May-2022 | Incurred fuel expenses of ₹ 10,000/-

02-May-2022 | Bought household goods and groceries for ₹ 1,00,000/- from her Supplier

(Week 1 – 65,000, Week 2 – 35,000)