Aryan started business for buying and selling furniture with 10,00,000 as initial investment. Out of this he paid ' 6,00,000 for the purchase of furniture for resale, 1,00,000 for office equipment and the balance amount he deposited into the bank. He sold some of the furniture worth '3,00,000 for `3,50,000 for Cash and some more furniture worth ' 1,00,000 for 1,25,000 to Ruchika. Subsequently, he bought more furniture for 3,00,000 from Bawa Furniture, Delhi. In the first week due to an earthquake, he lost goods worth 2,00,000. Later on, he sold some more furniture worth 2,00,000 for 2,40,000. Expenses paid during the year were '30,000. Aryan withdrew · 40,000 from business for his personal use.
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