The transactions of Chowdhury Traders are as follows:

1. On 1 Jan 2024, Mr. Chowdhury starts his business "Chowdhury Traders" by investing Tk 500,000 from his past
savings.
2. On 2 Jan 2024, opened a bank account in the name of business depositing Tk 100,000.
3. On 5 Jan 2024, purchased furniture of Tk 80,000 (40% paid in cash).
4. On 8 Jan 2024, purchased goods for cash Tk. 120,000.
5. On 10 Jan 2024, a manager was appointed for monthly salary of Tk. 25,000.
6. On 15 Jan 2024, Sold goods for cash Tk. 180,000.
7. On 16 Jan 2024, Advertising payment was made in Cash for Tk. 5,000.
8. On 20 Jan 2024, Outstanding payment of Jan 5 was made in cash.
9. On 25 Jan 2024, purchased goods of Tk. 80,000 on credit.
10. On 28 Jan 2024, sold goods on credit for Tk. 70,000.
11. On 30 Jan 2024, payment of salary of Tk. 20,000 made.

The above transactions are recorded in Journal as follows:

Chowdhury Traders
Journal Entry

Date Particular Ref Debit (Tk) Credit (Tk)

Cash 500,000
01-Jan 1
Capital 500,000
Bank 100,000
02-Jan 2
Cash 100,000
Furniture 80,000
05-Jan Cash 3 32,000
Account Payable 48,000
Purchase 120,000
08-Jan 4
Cash 120,000
Cash 180,000
15-Jan 5
Revenue 180,000
Advertisement Expense 5,000
16-Jan 6
Cash 5,000
Account Payable 48,000
20-Jan 7
Cash 48,000
Purchase 80,000
25-Jan 8
Account Payable 80,000
Account Receivable 70,000
28-Jan 9
Revenue 70,000
Salary Expense 20,000
30-Jan 10
Cash 20,000
 The Ledger of Chowdhury Trader

Account Name: Cash

Balance
Date Account Title Ref Debit Credit
Debit Credit
01-Jan Capital 1 500,000 500,000
02-Jan Bank 2 100,000 400,000
05-Jan Furniture 3 32,000 368,000
08-Jan Purchase 4 120,000 248,000
15-Jan Revenue 5 180,000 428,000
16-Jan Advertisement Expense 6 5,000 423,000
20-Jan Account Payable 7 48,000 375,000
30-Jan Salary Expense 10 20,000 355,000

Account Name: Capital

Balance
Date Account Title Ref Debit Credit
Debit Credit
01-Jan Cash 1 500,000 500,000

Account Name: Bank

Balance
Date Account Title Ref Debit Credit
Debit Credit
02-Jan Cash 2 100,000 100,000

Account Name: Furniture

Balance
Date Account Title Ref Debit Credit
Debit Credit
05-Jan Cash 3 32,000 32,000
05-Jan Account Payable 3 48,000 80,000

Account Name: Accounts Payable

Balance
Date Account Title Ref Debit Credit
Debit Credit
05-Jan Furniture 3 48,000 48,000
20-Jan Cash 7 48,000 -
25-Jan Purchase 8 80,000 80,000

Account Name: Purchase

Balance
Date Account Title Ref Debit Credit
Debit Credit
08-Jan Cash 4 120,000 120,000
25-Jan Account Payable 8 80,000 200,000
Account Name: Revenue
Balance
Date Account Title Ref Debit Credit
Debit Credit
15-Jan Cash 5 180,000 180,000
28-Jan Account Receivable 9 70,000 250,000

Account Name: Adv. Expense

Balance
Date Account Title Ref Debit Credit
Debit Credit
16-Jan Cash 6 5,000 5,000

Account Name: Account Receivable

Balance
Date Account Title Ref Debit Credit
Debit Credit
28-Jan Revenue 9 70,000 70,000

Account Name: Salary Expense

Balance
Date Account Title Ref Debit Credit
Debit Credit
30-Jan Cash 10 20,000 20,000

"Chowdhury Trader"
Trial Balance as on 31 Jan 2024

Sl Name of Account Ref Debit Balance Credit Balance

1 Cash 355,000
2 Capital 500,000
3 Bank 100,000
4 Furniture 80,000
5 Account Payable 80,000
6 Purchase 200,000
7 Revenue 250,000
8 Advertisement Expense 5,000
9 Account Receivable 70,000
10 Salary Expense 20,000
Total= 830,000 830,000