[" I Prepare Trading Account from the transactions given below: "],[" Opening Stock "P gamma],[" Purninases "D gamma],[" ( gamma Sales Retum "DY],[" C8Sales "],[" 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

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

There was an error in the Trial Balance of Ram Gopal on 31st March, 2018 and the difference in books was carried to the Suspense Account. On going through the books, you find that: (i) Rs. 540 received from Mayank was posted to the debit side of his account. (ii) Rs. 100 being purchases return was posted to the debit of the Purchase Account. (iii) Discount of Rs. 300 received was posted to the debit of the Discount Account. (iv) Rs. 374 paid for motor car repairs was debited to the Motor Car Account as Rs. 174. (v) Rs. 400 paid to Naman was debited to the account of Manan. Pass the Journal entries to rectify the above errors and state what amount was carried to the Suspense Account. [Suspense Account opened with a Credit of Rs. 1,680.]

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

Rectify the following errors identified in the books of Sunil. The Trial Balance showed Rs. 250 as debit excess. The difference has been posted to the Suspense Account. (i) Total of debit side of Expenses Account has been cast in excess of Rs. 150. (ii) Sales Account has been totalled short by Rs. 200. (iii) One item of purchase of Rs. 25 has been posted from the Purchases Book to the Ledger as Rs. 350. (iv) Sales return of Rs. 200 from a party has not been posted to that account, though the Party's Account has been credited. (v) A cheque of Rs. 600 issued to the Supplier's Account (shown under Sundary Creditors) towards his dues had been wrongly debited to the Purchases Account. (vi) Credit sale of Rs. 100 has been credited to the sales and also to the Sundary Debtors Account. Required: Pass the necessary Journal entries for correcting the above and prepare a Suspense Account as it would appear in the Ledger.