CIA 1.

2: FINANCIAL
Name of Company: Chand F
Team Number:
Aman Ponnaluru 212
Annant Chachan 212
Kushal Agrawal 212
Arnav Kharbanda 21
 CIA 1.2: FINANCIAL ACCOUNTANCY
Name of Company: Chand Fashion House
Team Number:
Aman Ponnaluru 2120731
Annant Chachan 2120705
Kushal Agrawal 2120755
Arnav Kharbanda 2120709
Transactions List

Transactions in the month of October, 2021 of Chand Fashion House

1)    October 1 – Started business with cash Rs.2,00,000.
2)    October 4 – Opened a bank account with Rs.80,000.
3)    October 11 – Goods purchased on credit from Gurmeet Fashion House Rs.30,000.
4)    October 12 – Purchased office machines and paid by cheque Rs.30,000.
5)    October 18 – Rent paid by cheque Rs.5,000.
6)    October 20 – Sale of goods on credit to Soham Bros. Rs.10,000.
7)    October 21 – Cash sales Rs.15,000.
8)    October 23 – Cash paid to Gurmeet Fashion House Rs.30,000.
9)    October 28 – Received cheque from Soham Bros. Rs.10,000.
10) October 30 – Salary paid in cash Rs. 6,000.
 Journal Entries
In the books of Chand Fashion House

Date Date Date Date Date

1-Oct-21 Cash a/c Dr 2,00,000

To Capital a/c 2,00,000
( Being Business started with cash)

4-Oct-21 Bank a/c Dr 80,000

To Cash a/c 80,000
( Being bank account opened with cash)

11-Oct-21 Purchase a/c Dr 30,000

To Gurmeet Fashion house a/c 30,000
( Being goods purchased on credit)

12-Oct-21 Office Machine a/c Dr 20,000

To Bank a/c 20,000
( Being office machine purchased)

18-Oct-21 Rent a/c Dr 5,000

To Bank a/c 5,000
( Being rent paid )

20-Oct-21 Soham Bros a/c Dr 10,000

To Sales a/c 10,000
( Being goods sold on credit)

21-Oct-21 Cash a/c Dr 15,000

To Sales a/c 15,000
( Being goods sold for cash)

23-Oct-21 Gurmeet Fashion house a/c 30,000

To Cash a/c 30,000
( Being cash paid to

28-Oct-21 Bank a/c Dr 10,000

 To Soham Bros a/c 10,000
( Being payment from debtor)

30-Oct-21 Salary a/c Dr 6,000

To Cash a/c 6,000
( Being salary paid)

Total 4,06,000 4,06,000

 Ledger Books
Cash a/c
Dr.
Date Particulars J.F Amount(INR)
2021
1-Oct To Capital a/c 2,00,000
21-Oct To Sales a/c 15,000

Total 2,15,000
1-Nov To balance b/d 99,000

Capital a/c

Dr.
Date Particulars J.F Amount(INR)
2021
31-Oct To balance c/d 2,00,000

Total 2,00,000

Bank a/c

Dr.
Date Particulars J.F Amount(INR)
2021
4-Oct To cash a/c 80,000
28-Oct To Soham Bros. a/c 10,000

Total 90,000
1-Nov To balance b/d 65,000
 Purchases a/c

Dr.
Date Particulars J.F Amount(INR)
2021
11-Oct To Gurmeet Fashion House a/c 30,000

Total 30,000
To balance b/d 30,000

Gurmeet Fashion House a/c

Dr.
Date Particulars J.F Amount(INR)
2021
23-Oct To cash a/c 30,000

Total 30,000

Office Machine a/c

Dr.
Date Particulars J.F Amount(INR)
2021
12-Oct To bank a/c 20,000

Total 20,000
1-Nov To balance b/d 20,000

Rent a/c
Dr.
Date Particulars J.F Amount(INR)
2021
18-Oct To bank a/c 5,000

Total 5,000
1-Nov To balance b/d 5,000

Soham Bros. a/c

Dr.
Date Particulars J.F Amount(INR)
2021
20-Oct To sales a/c 10,000

Total 10,000

Sales a/c

Dr.
Date Particulars J.F Amount(INR)
2021

31-Oct To balance c/d 25,000

Total 25,000

Salary a/c

Dr.
Date Particulars J.F Amount(INR)
2021
30-Oct To cash a/c 6,000

Total 6,000
To balance b/d 6,000
dger Books
Cash a/c
Cr.
Date Particulars J.F2 Amount(INR) 2
2021
4-Oct By bank a/c 80,000
23-Oct By Gurmeet Fashion House a/c 30,000
30-Oct By Salary a/c 6,000
31-Oct By balance c/d 99,000

Total 2,15,000

Capital a/c

Cr.
Date Particulars 2 J.F2 Amount(INR) 2
2021
1-Oct By cash a/c 2,00,000

Total 2,00,000
1-Nov By balance b/d 2,00,000

Bank a/c

Cr.
Date Particulars J.F2 Amount(INR)2
2021
12-Oct By office machine a/c 20,000
18-Oct By rent a/c 5,000
31-Oct By balance c/d 65,000

Total 90,000
urchases a/c

Cr.
Date Particulars J.F2 Amount(INR)2
2021
31-Oct By balance b/d 30,000

Total 30,000

Fashion House a/c

Cr.
Date Particulars J.F2 Amount(INR)2
2021
11-Oct By purchases a/c 30,000

Total 30,000

ce Machine a/c

Cr.
Date Particulars J.F2 Amount(INR)2
2021
31-Oct By balance c/d 20,000

Total 20,000

Rent a/c
 Cr.
Date Particulars J.F2 Amount(INR)2
2021
31-Oct By balance c/d 5,000

Total 5,000

ham Bros. a/c

Cr.
Date Particulars J.F2 Amount(INR)2
2021
28-Oct By bank a/c 10,000

Total 10,000

Sales a/c

Cr.
Date Particulars J.F2 Amount(INR)2
2021
20-Oct By Soham Bros. a/c 10,000
21-Oct By cash a/c 15,000

Total 25,000
1-Nov By balance b/d 25,000

Salary a/c

Cr.
Date Particulars J.F2 Amount(INR)2
2021
31-Oct By balance c/d 6,000

Total 6,000
Sl No.
1.)
2.)
3.)
4.)
5.)
6.)
7.)
8.)
9.)
10.)
 Trial Balance

Trial Balance as on 31st October, 2021.

Particulars Debit Amount Credit Amount

Capital a/c NIL 2,00,000
Bank a/c 65,000 NIL
Cash a/c 99,000 NIL
Purchases a/c 30,000 NIL
Gurmeet Fashion House a/c NIL NIL
Office Machine a/c 20,000 NIL
Rent a/c 5,000 NIL
Soham Bros. a/c NIL NIL
Sales a/c NIL 25,000
Salary a/c 6,000 NIL

Total 2,25,000 2,25,000

 Trial Balance

1.