From the following ledger balances prepare trial balance :
Capital Rs. 20,800, Rent outstanding Rs. 1,420, Amount due to Param, Rs. 15,000, Drawing Rs. 2,800, Goodwill Rs. 12,000, interest received Rs. 2,000, Discount received Rs. 1,580, Amount due from Deepan Rs. 26,000.

Enter the following in the books of Karan, Delhi to close his accounts on 31st March, 2019. Pass the closing entries. Opening Stock Rs. 20,000, Purchases Rs. 60,000, Wages Rs. 12,000, Salaries Rs. 16,000, Sales Rs. 88,000, Freight Inwards Rs. 4,000, Purchases Return Rs. 2,000, Sales Return Rs. 3,000, Carriage Outwards Rs. 2,500, Rent Rs. 3,000, Insurance Rs. 1,000, Discount Allowed Rs. 2,000, Discount Received Rs. 1,000, Repairs Rs. 1,000, Electricity Rs. 1,500, Commission Received Rs. 4,000, Interest on Investments Rs. 1,800, Interest (Dr.) 1,000, Closing Stock Rs. 40,000.

Rupees 4,000 amount to Rs. 5,000 in 8 years, in what time will Rs. 2,100 amount to Rs. 2,800 at the same rate ?

From the following balances, prepare Final Accounts of M/s Mangal & Sons for the year ended 31st March, 2019: Opening Stock Rs 12,500, Bills Receivable Rs 2,000, Sales Rs 70,000, Purchases Rs 37,500, Creditors Rs 20,000, Salaries Rs 3,850, Insurfance Rs 200, Debtors Rs 32,500, Carriage Rs 1,450, Commission Rs 750, Interest Rs 900, Printing Rs 250, Bills Payable Rs 3,150, Returns In Rs 1,300, Returns Out Rs 500, Bank Rs 5,250, Rent and Taxes Rs 1,300, Furniture Rs 1,000, Capital Rs 7,100, Stock on 31st March, 2019 Rs 15,000

Prepare accounting equation from the following : (a) Started business with cash Rs. 50,000 and goods Rs.30,000. (b) Purchased goods for cash Rs. 30,000 and on credit from Karan Rs. 20,000. (c ) Goods costing Rs.40,000 were sold for Rs. 55,000 for cash. (d) Withdrew cash for personal use Rs. 10,000. (e) Rent outstanding Rs.2,000.