(a) The Receipts and Payments Account of Vandana Sports Club for the year ended 31st March, 2024 are as follows: Receipts and Payments Account Receipts Amount (₹) Payment Amount (₹) To Balance b/d By Salaries 1,55,000 Cash in hand 5,200 By Rent & Electricity 69,750 Cash at Bank 35,500 By Library Books 10,500 To Subscriptions 2,95,000 By Newspaper & Magazines 16,600 To Entrance fees 50,000 By Sports Equipment 28,500 To Miscellaneous Income 19,850 By Sundry Expenses 71,050 To Interest on Investments 8,000 By Balance c/d Cash in hand 8,750 Cash at Bank 53,400 4,13,550 62,150 4,13,550 Details of other assets and liabilities are furnished as follows: Particulars 31st March 2023 (₹) 31st March 2024 (₹) Salaries Outstanding 10,200 12,400 Outstanding Rent & Electricity 6,500 7,600 Investment (8% Govt. Bonds) 1,00,000 1,00,000 Interest Accrued on Bonds 2,000 2,000 Subscription receivable 18,700 20,600 Subscription received in advance 7,000 8,400 Furniture 65,500 Sports Equipment 41,500 Library Books 22,000 The closing values of furniture and sports equipment are to be determined after charging depreciation at 10% and 15% respectively inclusive of additions, if any during the year. The Club's library books are revalued at the end of every year and the value at the end of 31st March,2024 was ₹30,000. 60% of the Entrance fee is to be capitalized. You are required to prepare: Income and Expenditure Account for the year ended 31st March,2024 Balance Sheet as on 31st March, 2024

(b) P, Q and R were partners sharing profit & losses in the ratio of 3:2:1. They decided to dissolve the business as on 31st March, 2024 when their Balance Sheet was as follows: Liabilities Amount (₹) Assets Amount (₹) Capital A/c: Land & Building 4,85,000 P 3,55,000 Machinery 1,88,000 Q 2,20,000 Furniture 1,05,000 R 1,25,000 7,00,000 Stock 55,800 General Reserve 1,50,000 Trade Debtors 1,56,000 Employees Provident Fund 60,000 Cash & Bank 44,200 Trade Creditors 1,24,000 10,34,000 10,34,000 The following information is given to you: There was an unrecorded investment which was sold for ₹30,000. One of the creditors agreed to take over some items of furniture of Book value ₹25,000 at ₹ 24,000. The rest of the creditors were paid at a discount of 5%. Out of the trade debtors ₹9,000 proved bad, remaining were fully realized. The other assets were realised as under: Land & Building ₹5,25,000 Machinery ₹1,70,000 Furniture Remaining taken over by P at ₹75,000 Stock ₹60,000 Expenses of dissolution amounted to ₹ 18,700. There was an outstanding bill for repairs which had to be paid for ₹3,500. You are required to prepare: Realisation A/c Cash & Bank A/c Partner's Capital A/c in the books of partnership firm.