(i) From the following information supplied by Mr. D, prepare a Bank Reconciliation Statement as on 31st March, 2025 after amending cash on that date: 1.Bank overdraft as per Bank statement20,000 2.Cheques issued but not presented for payment11,000 3.Cheques recorded in the bank column of the cash book but not sent to the Bank for collection3,000 4.Payment received form customers directly by the bank6,000 5.Bank charges debited in the statement40 6.Cheques deposited with the Bank but not collected9,000 7.A bill for ₹5,000 (discounted with the Bank in February at 4,960) dishonoured on 31st March and noting charges paid by the bank20 8.Premium of life policy of D paid by the Bank on his standing advice350 9.Overdraft balance (Cr.) on 15th March, 2025 of ₹14,000 was carried over as debit balance on the next day in cash book

(ii) P owed ₹2,00,000 to Q. On 1st October, 2024, P accepted a bill drawn by Q for the due amount for 3 months. Q got the bill discounted with his bank for 1,98,000 on 3rd October, 2024. On 31st December, 2024, before the due date, P approached Q for renewal of the bill. Q agreed on the conditions that ₹ 1,00,000 along with interest at 12% per annum for 3 months on the amount of ₹ 1,00,000/- will be paid and P would accept a new bill for three months for the balance amount. These arrangements were carried out on 2nd January, 2025. However, on 2nd April, 2025, before the due date, P became insolvent and only 40% of the amount of the bill could be recovered from his estate. Pass the necessary journal entries (with narration) in the books of Q.

(b) Mr. Sahil runs a factory which produces sugar. Following details are available in respect of his manufacturing activities for the year ended on 31st March, 2025: (₹) Opening Work in Progress (15 tones)4,50,000 Closing Work in Progress (12 tones)3,60,000 Raw Materials consumed32,00,000 Closing inventory of Raw Materials7,60,000 Hire charges of machine @₹200 per ton produced Direct Wages – Contracted @ ₹400 per ton manufacture and @ ₹200 per ton of closing WIP Factory Rent2,40,000 Repairs & Maintenance of plant1,50,000 Sugar produced -500 tones Sale of Scrap84,000 Prepare the Manufacturing Account of Mr. Sahil for the year ended on 31st March, 2025.

(c) Alpha Limited has an authorized Equity Share Capital of 20 lakhs divided into equity shares of ₹ 100 each and 10% Redeemable Cumulative Preference Shares of ₹5.00 lakhs divided into 100/- per share. The paid-up equity capital is of₹ 13,50,000/- and 10% Redeemable Cumulative Preference Shares of 100 each of ₹3,00,000/-, Balances in other accounts are: Securities Premium 35,000/-, Profit & Loss Account ₹80,000/- and General Reserve ₹4,00,000/-. The Company has investments of the face value of ₹ 40,000/- being carried in the books at a cost of ₹45,000/-. The Company has decided to redeem the Cumulative Preference Shares at 10% premium, partly by making an issue of equity shares of the face value of ₹ 1,50,000/- at a premium of 10%. Investments are sold at 110% of their face value. All preference shareholders have been paid off except 2 holders holding 500 shares. You are required to pass the necessary Journal Entries for effecting the above transactions. Working should form part of your answer.