Dr. O.

Mohammad Rafi
Mcom, MBA, Ph.D
Academic Consultant
Department of Commerce
Yogi Vemana University
Kadapa

9. From the following particulars prepare the Asian Car Arcade Statement of
Inventory, for the month of 31st April 2020.

a) Asian Car Arcade started business with cash Rs 50,00,000, cash at SBI Rs 90,00,000,
Furniture Rs 15,00,000.

b) Purchased the following cars from sujatha vehicles, discount 2%

Quantity Name Rate Godown
50 Maruti Zen 6,00,000 Mumbai
20 Hyundai Deluxe 15,50,000 Hyderabad
45 Toyota Innova 8,75,000 Vijayawada

c) Paid the following expenses by cash

Factory Rent 50,000
Power & Fuel 1,20,000
Fright charges 90,000

d) Purchased the following cars from sujatha vehicles, discount 2%

Quantity Name Rate Godown
16 Toyota Fortuner 12,25000 Bangalore
25 Hindustan Ambassador 18,00,000 Delhi
40 Tata Indica 4,50000 Pune

e) Sold the following cars to Patel Motors, discount 2%

Quantity Name Rate Godown
25 Maruti Zen 7,75,000 Mumbai
5 Toyota Fortuner 14,00,000 Bangalore
10 Tata Indica 5,50,000 Pune

f) Paid the following expenses through chequee

Legal Charges 3,50,000
Audit Fees 5,00,000
Advertisement 10,50,000
g) Sold the following cars to Dhruv Motors, discount 2%
Quantity Name Rate Godown
8 Hyundai Deluxe 18,50,000 Hyderabad
15 Toyota Innova 10,00,000 Vijayawada

h) The following incomes are received in the form of chequee

Dividend Received 5,00,000
Commission Received 2,00,000
Rent Received 6,00,000

i) The following cars are return to sujatha vehicles

Quantity Name Godown
10 Maruti Zen Mumbai
3 Toyota Fortuner Bangalore

j) Cash deposited in to the SBI Rs 20,00,000

k) The following cars are return from Patel Motors

Quantity Name Godown
6 Maruti Zen Mumbai
4 Toyota Innova Vijayawada
2 Tata Indica Pune

l) Cash withdrawn from SBI Rs 3,00,000.