1. Started business with Cash 400000, Bank Balance 300000 and Capital 500000 On 05/06/2017 by Amit Kumar.
2. Purchased Refined Oils from Suresh 101000 with T.D. 20%, C.P. 85% and C.D. 17%.
3. Sold Refined Oils to Sanjeet 150000 with T.D. 22%, Payment by cheque 90% and Discount on payment 12%.
4. Paid to Suresh 80% on full settlement.
5. Received payment 90% on full settlement by cheque from Sanjeet.
6. Earned Commission but not received 8000.
7. Unpaid Freight 25000.
8. Interest on capital 25% charges@Half-Yearly On 03/04/2020.
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