20. (a) Explain the procedure to calculate the loss of profit. Or (b) From the following particulars prepare the necessary adjustment accounts in the General ledger. Jan 1 2003 Rs. Balance on Bought ledger 1,740 (Dr) Balance on Bought ledger (Cr) 23,880 Balance on Sales ledger (Dr) 29,240 Balance on Sales ledger (Cr) 480 Jan 31 2003 Purchase 1,32,360 Purchase return 51,20 Sales 1,74,980 Sales return 2,340 Page 9 Code No. : 10101E Cash received from customer 1,52,420 Discount allowed 5,640 Cash paid to supplier 1,16,860 Discount received 3,320 Cash paid to customers 260 Bills receivable 8,240 Bills payable 4,500 Bills Receivable dishonoured 500 Bought ledger Balance (Dr) 1,540 Sales Ledger Balance (Cr) 36,700