Evaluate what is the cash balance at the end of the week

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Consider the following transactions that happened upon the incorporation of Varun Company by its owner, Varun, during the first week of January: It received INR 50,000 in cash from Varun as capital. It borrowed INR 30,000 from local bank. It purchased INR 15,000 of equipment for cash. It purchased INR 20,000 of inventory on account. It pre-paid INR 3,000 for the office rent and INR 2,000 for the insurance.

Problem 1: What is the cash balance at the end of the week?

Reference no: EM132692625

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