Question 1 Trial Balance for the financial year (FY) ended 31st March 2022 of M/s Deepakshi shows following details: Particulars Debit (`) Credit (`) Purchase & Sales 10,00,000 12,00,000 Debtors & Creditors 5,00,000 4,00,000 Opening Stock 2,00,000 Closing Stock 3,00,000 Other Expenses & Incomes 7,00,000 9,00,000 Fixed Assets & Long Term Liabilities 25,00,000 6,00,000 Capital 21,00,000 52,00,000 52,00,000 Additional Information: Creditors balance as on 1st April, 2021 is ` 3,00,000. You are required to calculate cost of goods sold and amount paid to creditors during the year. Question 2 ` Opening Inventory 1,00,000 Purchases 6,72,000 Carriage Inwards 30,000 Wages 50,000 Sales 11,00,000 Returns inward 1,00,000 Returns outward 72,000 Closing Inventory 2,00,000 Required From the above information, prepare a Trading Account of M/s. ABC Traders for the year ended 31st March, 2022 and Pass necessary closing entries in the journal proper of M/s. ABC Traders