Help the museum keeper balance the account books by solving the following puzzle: "What is the answer when 2478 is divided by 42?"
A suspense account of a business shows a debit balance of Rs 1075. Rectify the following errors and bring the suspense account to zero balance. 1) Machinery account has been under balanced by Rs 950. 2) Our debtor Hari’s account has been balanced by excess amount Rs 75. 3) The total of purchase book is over cast by Rs 125. 4) The total of sales return book is under cast by Rs 205. 5) Cash column of the cash book has been balanced short by Rs 120.
'Is it possible to prepare the profit and loss account and the balance sheet from the incomplete books of accounts kept by a trader'? Do you agree? Explain.