a). Explain Adjustments And Notes in relation to business accounts and their effect(s) on the account entries, and b) Draw a new trial balance using the information provided below: Trial balance of ABC Trade as of 31st August 2015 Debit Amount Credit Amount Particulars (in ) in Opening Stock 86,000 1,136,000 153,000 18,000 26,900 64,000 52,500 Salaries Wages Carriage Inwards Trading Charges Carriage Outwards Rent received Cash Capital Bank (Overdraft) Commission Creditors Sales Debtors Machinery 178,300 62,500 344,700 37,980 42,780 268,000 1,548,700 256,000 4,80,000 Total 2,377,680 2,377,680 Required Adjustments: using the following additional information 1. A machine purchased on credit from M's Ramsay Machine Tools for 200,000 is not yet recorded in the books. 2. Wages to the extent of 43,000 are incorrectly recorded as Salaries The additional information presented after the trial balance contains information relating to accounting transactions, which are to be identified from the wordings