You after successfully completing your post graduation in business management in marketing specialization from DSU, Bengaluru, decided to start a trading business on 01-04-2020 by investing Rs. 50,00,000 and raised Rs. 25,00,000 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 your state under Indian Companies Act 2013 for which Rs 1,25,000 was spent. The business has been carried out for one year period of time with reasonable transactions including buying and selling of merchandise of your business.
Now you are asked to…..
1. Name the business and briefly describe the nature of the business started by you.
2. List down minimum of fifty transactions that might have occurred during the course of you business from 1.4.2020 to 31.03.2021 including the initial investment and the fund mobilized.
3. Journalize those transactions in the books of the company.
4. Prepare the necessary ledger accounts for the above transactions.
5. Show the Trial balance of the business as on the last date of the accounting period (31-03-2021).
Answers
Dreaming Big. Joseph’s dreams are the first dreams in the Bible in which God doesn’t speak. The dreams described throughout Joseph’s story always come in pairs.
2. Maybe God is at work when you don’t even realize. [Tweet this] Joseph lives both the first and the last seventeen years of his life with Jacob (Genesis 37:2; 47:28), signifying the perfect timing of God in his life.
3. Four women are mentioned in the genealogy of Jesus in the Gospel of Matthew. All of the women—Tamar, Rahab, Ruth, and Bathsheba—are outsiders to Israel and their marriages are marked by scandal, yet God notes their faith and deems them worthy. [Tweet this]
4. Genesis 47 tells the story of a Hebrew making slaves of the Egyptians. The first chapter of Exodus tells the story of Egyptians making slaves of the Hebrews.
5. Genesis concludes with Joseph’s request to have his bones carried back to his home. Four centuries later, this oath is remembered, fulfilled, and confirmed by Joshua
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