On 1st July, 2022, Maritime Limited purchased second hand machine for ₹1,20,000 and reconditioned the same by spending ₹ 18,000. On 1st January, 2023 a new machine was purchased for ₹ 72,000. On 30th June, 2024 the machine purchased on 1st January, 2023 was sold for ₹48,000 and another machine was installed at a cost of ₹90,000. Rate of depreciation is 15% on original cost every year. Show the Machinery Account from 1st July, 2022 to 31st March, 2025.

Attempt any ONE of the two Sub-parts i.e. either (i) or (ii)

Following notes pertain to the Balance Sheet of PQR Company Limited as at 31st March, 2024: ₹ in lakhs Authorized capital: 5,00,000 shares of ₹ 100 each 500 500 Issued and Subscribed capital: 1,50,000 Equity Shares of ₹ 100 each, ₹ 70 paid up 105 10,000 11% Preference Shares of ₹ 100 each fully paid 10 115 Reserves and Surplus: Revaluation Reserve 5.20 General Reserve 25 Capital Redemption Reserve 25 Securities premium (collected in cash) 30 Profit and Loss Account (Cr. Balance) 20 On 30th April, 2024, the Company has made final call@ ₹30 each on 1,50,000 equity shares. The call money was received by 31st May, 2024. Thereafter, on 1st July, 2024 the company decided to issue bonus shares at the rate of 3 equity shares for every 5 equity shares held by way of capitalising its reserves, it decided that there should be minimum usage of balance in Profit & Loss A/с. On 1st October, 2024, the Company issued right shares at the rate of one equity share for every five shares held on that date at a premium of 10%. All the rights shares were accepted by the existing shareholders and the money was duly received by 31st October, 2024. Show necessary journal entries in the books of the company for bonus issue and rights issue. Also prepare notes on Share Capital & Reserve & Surplus relevant to the Balance Sheet of the company after the issue of bonus shares & rights share.