VU VICKY Virtual University Assignment Solution, Past Papers, Handouts and other material

S. NO	ACCOUNT  NAME	ACCOUNT     CODE	DEBIT	CREDIT
1	CASH		878,000
2	CAPITAL			1000,000
3	FURNITURE		90,000
4	PURCHASE		30,000
5	SALE			40,000
6	SELLING EXPENCE		10,000
7	ADMIN EXPENCE		17,000
8	DRAWINGS		15,000
	GRAND TOTAL		1,040,000	1,040,000

REQUIREMENT NO. 2

CALCULATION OF GROSS PROFIT:-

SALES=                   40,000

PURCHASE =         10,000

GROSS PROFIT = 30,000

REQUIREMENT NO. 3

TOTAL ASSETS AS ON JAN 31, 2018:-

CASH =                   878,000

FURNITURE =        90,000

TOTAL ASSETS = 968,000