The business begins with an initial cash investment of 40,000 rupees. Goods are purchased for 15,000 rupees and sold for 6,000 rupees in cash. Furniture is acquired through a check payment of 5,000 rupees; goods worth 4,000 are sold to Arvind on credit while purchases from Amrit totalled at 10,000 with returns amounting to half the value (5,000). Cash received from Arvind includes a discount adjustment resulting in net receipts of Rs.3,960. Personal withdrawals include goods drawn and cash withdrawn totalling up to personal use adjustments like telephone expenses paid Rs1k alongside other operational costs such as Rent500 salaries2000 stationery-related entries summarily closing out Dec31st.