Mr Rohan decided to start a trading business on 01-04- 2019 by investing Rs. 25,00,000 in the equity shares of the newly started company and raised Rs. 25,00,000 from the general public by issuing equity shares of Rs. 10 each at par and further 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 for which he spent Rs 1,00,000. The business has been carried out for one year period of time with reasonable transactions of buying and selling of apparels in whole sale.

Date Particulars Amount 5th April 2019 Purchased machinery against cheque 1,00,000 15th April 2019 Purchased goods for cash 50000 3rd May 2019 Drew cash from bank for office use 10000 5th May 2019 Sold goods to Krishna 15000 6th May 2019 Bought goods from Shyam 22500 20th May 2019 Krishna returned goods 2000 25th May 2019 Received from Krishna 12500 Allowed him discount 500 5th June 2019 Paid cash to Shyam 22500 Discount received 1000 30th June 2019 Cash sales for the month 80000 1st July 2019 Paid rent 20,000 5th July 2019 Paid salary 10000 15th July 2019 Purchased computer against cheque from Computer Mart, 15,000 20th July 2019 Sold goods to M/'s Shradha & Co. 10,000 25th July Sales return from Shradha & Co 4000 1st Aug 2019 Depreciation on office furniture 5,000 5th Aug 2019 Salaries due to staff 50,000 30th Aug 2019 Received commission $ 25,000, half of which is in advance 15th Sep 2019 Received cash from Ram 50000 8th Nov 2019 Purchased goods for cash 15000 18th Nov 2019 Pruchase return of Good( Due to quality Issue 3000 10th Dec 2019 Sold goods to M/s. Hari Sales, Delhi 12000 1st Jan 2020 Paid to Ramavtar 40000 19th Jan 2020 Sold goods for cash to Mohan 50000 18th Feb 2020 Bought furniture from S.R. Furnishers against Cash 22400 1st Mar 2020 Paid rent 28000 5th Mar 2020 Paid salary 50000 10th Mar 2020 Purchased goods costing against cheque and availed discount of 3% 1,00,000 15th Mar 2020 Sold goods of against cheque allowing 2% discount. 30,000 30th Mar 2020 Paid income tax 50000