Name of the Business Owner/Proprietor - Mr. Rohit Sharma
Trade Name - M/s. R S Food Products
Address : Bhubaneswar, Odisha, India - 751001
GSTIN - 21ODISH5132A1ZK
Nature of Business - Whole Sale and Retail Sale of Edible Oil/Cooking Oil.
Financial Year : 2021-22(from date 01/04/2021 to 31/03/2022)
Business Commencement/starting date - 01/04/2021
(All the GSTINs,Name of the Sundry Creditors and Sundry Debtors mentioned in this Project are used only for educational purpose).
Let's now practice the below mentioned transactions of a Proprietorship Business(M/s. R S Food Products) using both Manual/Pen and Paper & Digital/Electronic system for the period from date 01/04/2021 to 31/03/2022.
Date : 01/04/2021
Capital Investment/Owner's contribution/Owner's Equity
Mr.Rohit Sharma introduced/invested ₹10,00,000/- by Cash and ₹4,50,000/- by Indian Bank Savings Account No- 00000006350 start his business.
To see details of Accounting Entries in Manual and TallyPrime click here.
Payment of Security Deposit for Rent.
Amount paid to Amaresh Kumar towards Security Deposit for Office and godown rent vide Chq No-500145 of Indian Bank SB A/c No-6350. for ₹40,000/-.
To see details of Accounting Entries in Manual and TallyPrime click here.
Opening of Current Account with HDFC Bank Ltd.
Opened a Current Account with HDFC Bank Ltd. bearing Current Account No-00000005134 by depositing Cash for ₹25,000/-.
To see details of Accounting Entries in Manual and TallyPrime click here.
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