(a) A firm purchased a second-hand machinery on April 1, 2021 for ₹ 15,00,000 subsequent to which ₹2,00,000 were spent on its repairs and installation. On October 1, 2021 another machinery was purchased for ₹9,00,000 and cost of installing the machine in a new plant is ₹20,000. The firm also shifted the machinery purchased on April 1, 2021 to the new plant and incurred freight of ₹10,000. They adopted a policy of charging depreciation @ 12% per annum on diminishing balance method. On April 1, 2023 it was decided to change the method and rate of depreciation to straight line basis. On this date, the remaining useful life was assessed as 5 years for both the machines purchased with no scrap value. On October 1, 2023 the first machine become outdated and sold for ₹2,50,000. On the same date, another machinery was purchased for ₹8,50,000. The estimated useful life of the machine is 10 years and residual value is ₹30,000. You are required to prepare the machinery account for the year ending March 31, 2024.

(b) From the following information, prepare a Bank Reconciliation Statement as on June 30, 2024 for M/s XYZ Limited: The Bank column of Cash Book was overdrawn to the extent of ₹24,768. Bank charges amounting to ₹350 had not been entered in the Cash Book. Cheque amounting to ₹88,678 issued before June 30, 2024 but not yet presented to Bank. One payment of ₹4,590 was recorded in the Cash Book as if there is no bank column. The company paid ₹ 15,500 to a creditor and received a cash discount @ 2%. The cashier erroneously entered the gross amount in the bank column of the Cash Book. A debit of ₹5,700 appeared in the Bank Statement for an unpaid cheque, which had been returned marked 'out of date'. The cheque had been re-dated by the customer and paid into the Bank again on July 8, 2024. Cheques deposited in bank but not yet cleared amount to ₹45,789. Dividends of ₹ 1,980 collected by the Bank was not recorded in the Cash Book. Amount of ₹ 2,340 wrongly credited by bank to company account for which no details are available. On June 25, 2024 the credit side of bank column of the Cash Book was overcast by ₹6,789.