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Questions Sr. No. 1. Journalize the following transactions in the books of Rajesh, August 2019. 1st August - Sold goods for cash '500. 2nd August - Bought goods for cash 300. 3rd August - Sold goods on credit to Ashok for '800. 4th August - Purchased goods from Rohan 400. 5th August - Received cash from Nikhil 600. 6th August - Paid cash to Ahmed 900. 7th August - Received commission '100. 8th August - Purchased furniture from living room for cash '15,000. 9th August - Received interest 250. 10th August - Withdrew cash for personal use. 150. 11th August - Received from Ismail 850. 12th August - Paid to Salim ' 700. 13th August - Paid salary 4,000. 14th August - Paid for advertisement 5,000. Explain the different types of errors in Trial Balance. Can financial statements reveal the future financial decisions of company? If yes then comment. Elaborate the different methods used for charging depreciation with the meaning of depreciation. What is (a) Trading account 2. 3. 4. 5. (b) Profit and Loss account? Give its format. 6. Distinguish between Joint Venture and Partnership. 7. State whether the following are Capital receipts or Revenue receipts (a) Money raised by issue of equity shares. (b) Setting of old Machinery for 10,000. (c) Cash of 5,00,000 brought in the business by the proprietor/owner (d) Amount received on sale of shares held as investment. (e) Loan received from bank. () Interest on loan given. (g) Dividend received on shares. (h) Recovery of a debt written off as bad debt earlier. (i) Amount received from sale of goods