[" Y Prepare Trading Account from the transactions given below: "],[" Opening Stock "P gamma],[" Purchases "D gamma],[[29,000,29,000],[C gamma," Sales Retum "]],[[" Also pass the Journal entries."],[" Also pass the Journal entries."],[" IHint: Depreciation is not accounted in the Trading Account."]]

Prepar Trading Account from the transactions given below: Also pass the Journal entries

From the following, prepare Profit and Loss Account of Sohan Lal as it would appear in the 1st year that ended 31st March, 2019: The Gross Profit was 45% of Sales, which amounted to Rs 6,50,000 Also pass the Journal entries

Prepare Sales Book from the following transactions of Hema Traders, Kolkata dealing in furniture. Open the Ledger Accounts also:

Prepare trading and profit and loss account from the following particulars of M/s Neema Traders as on March 31, 2017. Stock on March 31,2017 Rs. 16,000

Prepare trading and profit and loss account and balance sheet from the following particulars as on March 31, 2017. Closing stock Rs. 30,000

R. Kanitkar had purchased a machinery for rupee 1,00,000 on 1st October, 2016. Another machine was purchased for rupee 60,000 plus IGST " @ "12 % by cheque on 1st April, 2018. Depreciation is charged " @ "10% p.a. by the Straight Line Method. Accounts are closed every year on 31 st March. You are required to pass necessary Journal entries for the years ended 31st March, 2017, 2018, and 2019 and show Machinery Account and Machinery in the Balance Sheet: (i) When Provision for Depreciation Account is not maintained. (ii) When Provision for Depreciation Account is maintained.

Rectify the following errors by passing Journal entries: (i) Old furniture sold for Rs. 500 has been credited to Sales Account. (ii) Machinery purchased on credit from Raman for Rs. 2,000 recorded through Purchases Book as Rs. 16,000. (iii) Cash received from Rajat Rs. 5,000 was posted in the debit of Bhagat as Rs. 6,000. (iv) Depreciation provided on machinery Rs. 3,000 was posted to machinery Account as Rs. 300.