Mr. Anand does not maintain proper books of accounts. From the followinginformation prepare Trading and Profit and Loss A/c for the year ended31-3-2022 and the Balance Sheet as on that date.Assets and Liabilities 1-4-2021 31-3-2022Debtors 34,000 48,000Stock 18,000 24,000Furniture 10,000 10,000Creditors 12,000 9,000Cash in hand 8,000 4,000Other factors are as follows:Cash collected from debtors 1,20,000Cash paid to creditors 84,000Salaries 20,000Rent 6,000Office expenses 4,000Drawings 8,000Cash sales 6,000Cash purchase 12,000Discount received 2,000Discount allowed 4,000Return inward 2,0001,000

Journalise the following transactions:Sold goods to Anand for Rs.2,000 at a trade discount of 10%. Received cash from Soman for Rs.1,850 in full settlement of his account Rs.1,900.Settled the account of Kumar for Rs.1,500 by paying him Rs. 1,475ChatGPTHere are the journal entries for the transactions you provided:Sold goods to Anand for Rs.2,000 at a trade discount of 10%:Journal Entry:Debit: Accounts Receivable (Anand) Rs.2,000Credit: Sales Rs.2,000Credit: Discount Allowed Rs.200 (10% of Rs.2,000)This entry records the sale of goods to Anand, the reduction in accounts receivable, and the discount allowed.Received cash from Soman for Rs.1,850 in full settlement of his account Rs.1,900:Journal Entry:Debit: Cash Rs.1,850Credit: Accounts Receivable (Soman) Rs.1,900Credit: Discount Allowed Rs.50 (Rs.1,900 - Rs.1,850)This entry records the cash received from Soman, the reduction in accounts receivable, and the discount allowed for early settlement.Settled the account of Kumar for Rs.1,500 by paying him Rs.1,475:Journal Entry:Debit: Accounts Payable (Kumar) Rs.1,500Debit: Discount Received Rs.25 (Rs.1,500 - Rs.1,475)Credit: Cash Rs.1,475This entry records the payment to settle Kumar's account, the reduction in accounts payable, and the discount received for early settlement.

Journalise the following transactions:Sold goods to Anand for Rs.2,000 at a trade discount of 10%.

i) Below is a partial listing of the adjusted account balances of Lama Storeat year-end on December 31, 2018.Accounts Receivable 19,000Cost of Goods Sold 245,000Selling Expenses (includes depreciation) 35,000Interest Expense 1,000Accumulated Depreciation—Buildings 10,000Sales Discounts 22,000Inventory 45,000Administrative Expenses (includes depreciation) 30,000Sales Revenue 350,000Accounts Payable 14,000Interest Revenue 800Cuea/ACD/EXM/JANUARY – APRIL 2019/ACCOUNTING AND FINANCE Page 3ISO 9001:2008 Certified by the Kenya Bureau of StandardsRequiredSelect the appropriate account balance and prepare an income statement forLama Store for the year ended December 31, 2018

15) The following is the trial balance of a trader as on 31st Chaitra, 2075: [4+6+5=15]Particulars Debit (Rs) Particulars Credit (Rs)Opening stock 1,40,000 Sales 3,00,000Salaries 51,000 Capital 4,00,000Drawing 50,000 12% Loan 50,000Building 2,00,000 Commission 3,000Furniture 30,000 Creditors 50,00010% Investment 50,000 Bills payable 134,000Purchases 2,50,000 Provision for bad debt 2,500Interest on loan 3,000    Wages 20,000    Insurance 5,000    Debtors 1,00,000    Cash balance 10,500    Bills receivable 30,000      9,39,500   9,39,500Additional information:a) Closing stock Rs. 1,50,000.b) Outstanding expenses: Wages Rs. 2,000, Salaries Rs. 9,000.c) Write off bad debts Rs. 10,000.d) Create provision for bad debts @ 5% on debtors.e) Insurance prepaid Rs. 2,500.f) Depreciate furniture by 10%.Required:Trading accountBalance sheetProfit and loss account

From the trial balance of Ajith and the adjustments given below, prepare tradin and profit and loss A/c for the year ended 31st March 2022 and the balance shee as on that date. Debit Credit Particulars Opening stock 15,000 Capital 25,000 Furniture and fixtures 30,000 Returns outward 1,000 Purchases 40,000 Bills payable 10,000 Sales returns 2,000 Sales 1,24,000 Carriage inwards 10,000 Provision for doubtful debts 500 Office rent 23,000 Sundry debtors 20,100 Bank balance 19,600 Bad debts 900 Provision for discount on debtors 100 1,60,600 1,60,600 (a) Stock at the end of the year was ₹8,000 (b) Further bad debts amounted to ₹ 100 (c) Create 2% provision for doubtful debts on sundry debtors (d) Create 1% provision for discount on sundry debtors