(a) Manish closed his books of account on 31st March, each year. Inventory taking for the year ended 31st March, 2024 was completed by 10th April, 2024 on which date value of the stock available in godown was of ₹4,50,000 at cost. Following are the details of transactions that took place between 31st March, 2024 and 10th April, 2024: Goods sold to customers ₹1,10,000. Sales return ₹10,000. Purchases ₹85,000 (Including Cash Purchases ₹10,000). Purchases return amounted to ₹2,500. Goods costing 15,000 received in March, for sale on consignment basis, out of which 60% of goods had been sold by 10th April. These sales are not included in above sales. After the stock was taken, it was found that there was certain very old slow- moving items costing ₹ 14,850, which should be taken at ₹9,500 to ensure disposal to an interested customer. Goods are sold at a profit margin of 25% on cost. Ascertain the value of inventory for inclusion in the final accounts for the year ended 31st March, 2024.

(b) Attempt any ONE of the two sub-parts i.e. either (i) or (ii) (i) Mr. Prakash runs a factory which produces Pressure Cookers. The following details were obtained about his manufacturing expenses for the year ended 31st March 2024: Amount (₹) Opening Work-in – Progress 6,25,000 Closing Work-in Progress 7,15,000 Opening Inventory of Raw material 5,85,000 Closing Inventory of Raw material 4,70,000 Purchases 18,74,000 Purchase Returns 95,000 Indirect Material 1,88,000 Direct Wages 3,97,000 Indirect Wages 82,000 Power & Electricity 1,76,000 Repairs and Maintenance 2,65,000 Depreciation on Factory Shed 1,44,000 Depreciation on Plant & Machinery 1,62,000 Sale of scrap 36,000 You are required to prepare Manufacturing Account for the year ended 31st March, 2024.

(b) Attempt any ONE of the two sub-parts i.e. either (i) or (ii) (ii) From the following particulars, prepare the Bank Reconciliation Statement of businessman as on 31st March, 2024: Sl. No. Particulars ₹ 1 Bank Overdraft as per cash book 24,000 2 Cheque deposited as per bank statement but not recorded in cash book 4,000 3 Cash received from Exe was entered in bank column of cash book. 3,150 4 Debit side of the bank column casted short 1,000 5 A cheque for ₹9,000 deposited but collection as per bank statement 8,950 6 Bills sent to the bank for collection, collected by the bank but not recorded in cash book 4,200 7 Bank charges recorded twice in cash book 40 8 Noting charges debited in Pass-Book for discounted bill dishonoured 60 9 Cheques deposited on 25th March, 2024 but collected by bank on 5th April,2024 4,800 10 Cheques issued on 26th Mrach,2024 but presented for encashment on 6th April,2024 3,000

(c) The following is the abstract of Balance Sheet Happy Ltd. as on 31st March, 2024: Issued and paid up capital 90,000 Equity shares of ₹ 10 each fully paid-up ₹ 9,00,000 Less: Calls-in-arrear (10,000 Equity shares of ₹ 2 each) 20,000 8,80,000 40,000 Equity shares of ₹ 10 each,₹4 cash paid up 1,60,000 Reserves and Surplus: Capital Reserve (realized in cash) 60,000 Capital Redemption Reserve 1,60,000 Securities Premium 1,00,000 General Reserve 1,20,000 Profit and Loss Account 7,00,000 On 1st April, 2024. The company makes final call @ 6 each on 40000 equity shares. The call money is duly received by 30th April,2024. On 1st May,2024 the Board of Directors of the company decided: To forfeit the share on which final call of 2 each is due: To re- issue the forfeited share @₹11 each as fully paid up: To issue fully paid bonus shares in the ratio of one fully paid bonus share for every two fully paid shares held; and To use minimum balance of Profit and Loss Account. Pass necessary journal entries in the books of the company on the basis of the above decisions.