Mall [B] From the following information, prepare journal entries:
Business started by Sulav investing cash Rs. 50,000 and bank balance Rs. 100,000.
Commencement of business by Sarita with her bank balance Rs. 100,000 and further
Amrit initiated a new venture with cash Rs. 20,000, bank balance Rs. 80,000
Goods withdrawn by proprietor for domestic use Rs 5000

step-by-step explanation:

answer: what do you mean

the answer is 21%.

(a) {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …}

(b) $59 398

step-by-step explanation:

(a) the annual sequence of profits

aₙ = a₁rⁿ⁻¹

the model for the sequence of profits is {a₁, a₁r, a₁r², … a₁rⁿ⁻¹, …} .

(b) profit after 15 yr

  a₁ = $ 30 000

  r = 1.05

a₁₅ = 30 000 × 1.05¹⁴

a₁₅ = 30 000 × 1.979 93

a₁₅ = $59 398

the profit in year 15 will be $59 398.