Fundamentals of Accounting

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

• Outflow

• Inflow

• None

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

• Inflow

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• None

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

• Inflow

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

• Inflow

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• None

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.

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

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

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

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

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

(Week 1 – 65,000, Week 2 – 35,000)

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• None