Mr Surya decided to start a trading business on 01-04-2020. He is investing Rs. 25,00,000 via equity shares of Rs. 10 each in the business and raised Rs. 50,00,000 from the general public by issuing equity shares of Rs. 10 each at par and further Rs. 25,00,000 by issue of 10% debentures redeemable after 10 years. The company has been registered in the state of Karnataka under Indian Companies Act 2013 for which Rs 1,00,000 was spent. The business has been carried out for one-year period with reasonable transactions including buying and selling of merchandise of his business.
· List down minimum of fifty transactions that might have occurred during the course of the business from 1.4.2020 to 31.03.2021 including the initial investment and the fund mobilized,
· Journalize those transactions in the books of the company
· Prepare the necessary ledger accounts for the above transactions and
· Show the Trial balance of the business as on the last date of the accounting period (31-03-2021).