(MO OE Code No. : 9003 b) Journalise the following transactions and post them in the ledger : Jan.1, 2012 Ram started business with a capital of Rs. 10,000 "3 . Purchased goods from on credit Rs. 2,000 "5 "Paid cash to Mohan Rs. 1,000 “8 : Sold goods to Suresh Rs. 2,000 a0) 2 Received cash from Suresh Rs. 3,000 "415 " Further purchased goods from Mohan Rs. 2,000 G20) t Paid cash to Mohan Rs. 1,000 2 25 i Further sold goods to Suresh Rs. 2,000 "31 : Received cash from Suresh Rs. 1,000 3. a) Discuss various problems in measuring business income. OR b) From the following Trial Balance and additional information, prepare Final Accounts ; Trial Balance as on 31* December 2011 Particulars Debit Credit (Rs.) (Rs.) Drawings and capital 1,800 20,000 Debtors and Creditors 5,400 2,800 Machinery 7,000 Wages 10,000 Purchases and sales 19,000 29,000 Opening stock 4,000 Cash at bank 3,000 Carriage inwards 300 Salaries 400 Rent 900 51,800 51,800