Certainly! Let's carefully go through each transaction step-by-step to determine the final balance:
1. Initial business capital: 259,000
2. Cash deposited in the bank: 150,000
- This value is added to the initial business capital.
- New balance = 259,000 + 150,000 = 409,000
3. Machinery purchased on credit: 50,000
- This amount is to be subtracted from the balance since it is a liability.
- New balance = 409,000 - 50,000 = 359,000
4. Bought furniture from Ramash for cash: 25,000
- This amount is subtracted because it is a cash expense.
- New balance = 359,000 - 25,000 = 334,000
5. Sold goods to Yesotha: 28,500
- This amount is added to the balance as it is revenue.
- New balance = 334,000 + 28,500 = 362,500
6. Goods returned by Yesotha: 2,500
- This amount is subtracted from the balance because it's returned revenue.
- New balance = 362,500 - 2,500 = 360,000
The final balance, after considering all the transactions, is 360,000.
