Wringler Limited took over the running business of FIG Enterprises with effect from 1st April 2022. However, due to some procedural delay, the company could be incorporated on 1st August 2022. The following information for the year ended 31.03.2023 is provided: Particulars Amount (₹) Sales 1,19,70,000 Interest received on Investment 60,000 Profit on sale of investment 40,000 Cost of goods sold 64,40,000 Expenses: Particulars Amount (₹) Printing & Stationery 87,000 Sales Manager's Salary 81,000 Donation 41,000 Rent 1,35,000 Bad debts 67,000 Underwriting Commission 56,000 Depreciation 70,200 Interest Paid on Debentures 8,900 Audit Fees 15,000 Sundry office expenses 55,500 Interest on Loan 62,500 Additional information: Details of Sales during the year 2022-23 are as follows: From April 2022 to June 2022 average monthly Sales was ₹8,40,000. From July 2022 to January 2023 average monthly Sales was ₹9,00,000. From February 2023 to March 2023 average monthly Sales was ₹15,75,000. There was a loan of ₹15,00,000 at an interest rate of 10% p.a. The Loan was repaid on 1st September, 2022. Extra space was occupied from 1st June 2022 to 31st August 2022 for which additional rent of ₹5,000 per month was incurred. Audit fee pertains to Wringler Limited. Bad debts recovered amounting to ₹17,000 for a sale made in November have been deducted from bad debts mentioned above. All investments were sold in June 2022. Donation is given to a political party by the company. The salary of the Sales Manager was increased by ₹5,000 per month from 1st July 2022. You are required to: Calculate the time ratio and sales ratio. Prepare a Statement ascertaining pre-incorporation and post-incorporation profits/losses for the year ending 31.03.2023. Explain how these would appear in the Balance Sheet of Wringler Limited.

On 24th July, 2022 fire occurred in the premises of Welsh Enterprises. Most of the stock was destroyed in fire, cost of stock salvaged being ₹51,200. In addition, some stock was salvaged in a damaged condition and its value in that condition was agreed at ₹30,540. The following information was available from the books of account: Closing Stock as on 31.03.2022 was valued at ₹1,83,500 Purchases from 01.04.2022 to 24.07.2022 amounted to ₹31,12,000, commission of 2% was paid on purchases. Sales from 01.04.2022 to 24.07.2022 amounted to ₹37,54,000. On the basis of the accounts of Welsh Enterprises for the past three years, it appears it has earned a Gross Profit of 20% on sales. Welsh Enterprises has insured its stock for ₹3,00,000 which is subject to average clause. You are required to compute the amount of claim for loss of stock.

Artis Limited has a branch at Seattle USA. Its Trial Balance as on 31st December 2022 is as follows: Particulars Dr. in US $ Cr. in US $ Stock as on 01.01.2022 22,000 Purchases 1,00,000 Sales 1,30,500 Goods from H.O. 30,000 Salaries 4,000 Head Office A/c. 27,000 Sundry Debtors 2,200 Sundry Creditors 1,500 Cash at Bank & Hand 800 Total 1,59,000 1,59,000 The following information is given: Salaries outstanding are $ 500. The Head Office sent goods to Branch for ₹24,00,000. The Head Office shows an amount of ₹21,90,000 due from Branch. The exchange rates were as below: On 1st January 2022: ₹79 to 1$ On 31st December 2022: ₹83 to 1$ Average rate during the year was ₹79.50 to 1$ You are required to prepare the Seattle Branch Trial Balance incorporating adjustments given above, converting dollars into rupees.