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Rohan started a trading business by investing25,00,000 in equity shares
Raised Rs 25.00,000 from general public by issuing equity shares of Rs. 10 each at par
Raised Rs. 50,00,000 by Issue of 10% debentures redeemable after 10 years
The company has been registered as ‘Rohan Fashions Apparels Ltd under Indian Companies Act 2013 by spending Rs 1,00,000
Rohan opened a Bank account by depositing 15,00,000
Rohan rented building for office space by depositing security amount of Rs.3,00,000
Purchased machinery for Rs 1,00,000 by cash
Purchased vehicles for delivery/travel purpose for Rs.500000 by cheque
Spent Rs. 20,000 for advertising his business
Purchased goods for Rs.2,00,000 by cash
Spent Rs.15,000 to print brochures
Purchased Fabric for Rs.1,00,000 from Riya Textiles
Sold goods worth Rs.50000 to Allika Designs for Rs.70,000
Paid Salary Rs.50,000 to Employees
Paid building rent Rs.20000
Interest received from bank Rs. 2000
Purchased Furniture for Rs.1,00,000
Paid Salary Rs.50,000 to Employees
Sold the fabric for Rs. 20000 to Farico Fashion retailer
Purchased computer by cheque for Rs.50,000 for office use
Rs. 50,000 withdrawn from bank for office use
Purchased Sewing machinery for Rs. 30,000 by cheque
Paid wages to employees of RS. 30000
Farico Fashion retailer returned the goods of value Rs.10000
Insurance premium paid Rs. 15000
Purchased Stationary for Rs. 5000
Telephone expenses of Rs. 2000
Sold one of the vehicles for Rs.100000
Travel expenses of Rs.20,000 for a Business meet
Income tax paid Rs. 40000
Date Particulars L/F No Debit Credit Dr
Cash A/C Dr 2500000 Date
4/1/2020
4/1/2020 2500000
To Capital A/C 9/1/2020
(The amount invested in the Business by Mr Rohan) 12/1/2020

Bank A/C Dr 2500000

4/2/2020 2500000
To Capital Share A/C

(Fund raised by general public)

Bank A/C Dr 5000000

4/3/2020 5000000
To 10% Debenture A/C
(Fund raised from Debenture)
Preliminary Expense A/C Dr 100000

To Cash A/C
4/4/2020 100000
(Company Registration Fee)

Total
Bank A/C Dr 1500000

4/5/2020 1500000
To Cash A/C
(Opened Bank Account)
Security Deposit A/C Dr 300000

4/10/2020 300000
To Cash A/C
(Security Deposit paid for renting Building)
Machinery A/C Dr 100000

5/1/2020 100000
To Cash A/C
(Purchased Machinery)
Vehicle A/C Dr 500000

5/5/2020 To Bank A/C 500000

(Purchased vehicles for Delivery/Travel Purpose by
Cheque)
Advertising Expense A/C Dr 20000

5/20/2020 20000
To Cash A/C
(Paid for advertising by cash )
Purchase A/C Dr 200000

5/30/2020 200000
 200000

5/30/2020 200000
To Cash A/C
(Purchased Goods by cash)
Printing Charges A/C Dr 15000

6/1/2020 15000
To Cash A/C
(Paid for printing charges by cash)
Purchase A/C Dr 100000

6/25/2020 100000
To Riya Textiles A/C
(Purchased Fabric from Riya Textiles)
Allika Designs A/C Dr 70000

7/1/2020 70000
To Sales A/C
(Sold goods to Allika Designs)
Salary A/C Dr 50000

7/2/2020 50000
To Cash A/C
(Salary paid)
Rent A/C Dr 20000

7/5/2020 20000
To Cash A/C
(Rent Paid)
Bank A/C Dr 2000

7/15/2020 2000
To Interest Receivable A/C
(Interest received from bank)
Furniture A/C Dr 100000

8/1/2020 100000
To Cash A/C
(Purchased Furniture)
Salary A/C Dr 50000

8/2/2020 50000
To Cash A/C
(Salary paid)
Farico Fashion Retailer A/C Dr 20000

8/5/2020 20000
To Sales A/C
(Sold fabric to Farico Fashion Retailer)
Computer A/C Dr 50000

8/15/2020 50000
To Bank A/C
(Purchased Computer by Cheque)
Cash A/C Dr 50000

9/1/2020 50000
To Bank A/C
 50000

9/1/2020 50000
(Cash withdrawn from the bank)
Sewing Machinery A/C Dr 30000

9/5/2020 30000
To Bank A/C
(Purchased Sewing Machinery by cheque)
Wages A/C Dr 30000

9/20/2020 30000
To Cash A/C
(Wages paid to employees)
Sales Return A/C Dr 10000

10/12/2020 10000
To Farico Fashion Retailers A/C
(Goods returned by Farico Fashion retailer)
Insurance A/C Dr 15000

10/25/2020 15000
To Bank A/C
(Insurance premium paid through cheque)
Stationary A/C Dr 5000

11/1/2020 5000
To Cash A/C
(Purchased stationary for office use)
Telephone Expense A/C Dr 2000

11/20/2020 2000
To Cash A/C
(Paid Telephone bill)
Cash A/C Dr 100000

12/1/2020 100000
To Vehicle A/C
(Sold one of the Vehicles)
Travel Expense A/C Dr 20000

12/25/2020 20000
To Cash A/C
(Spent for Business Travel)
Income Tax A/C Dr 40000

12/31/2020 40000
To Bank A/C
(Income tax paid)
Dr Cash Account
J/F
Particulars Amount Date Particular J/F Amount
To Capital A/C By Preliminery
2500000 4/4/2020 Expense A/C 100000
To Bank A/C 50000 4/4/2020 By Bank A/C 1500000
By Security
To Vehicle A/C 100000 4/10/2020 300000
Deposit A/C
5/1/2020 By Machinery A/C 200000
By Advertising
5/20/2020 20000
Expense A/C
5/30/2020 By Purchase A/C 220000
By Printing
15000
6/1/2020 Charges A/C
7/2/2020 By Salary A/C 50000
7/5/2020 By Rent A/C 20000
8/1/2020 By Furniture A/C 100000
8/2/2020 By Salary A/C 50000
9/20/2020 By Wages A/C 40000
11/1/2020 By Stationery A/C 5000
By Telephone
10000
11/20/2020 Expense A/C
By Travel Expense
20000
12/25/2020 A/C
2650000 Total 2650000
Dr Cash Account Cr
Date Particulars J/F Amount Date Particular J/F Amount