On 1st April, 2021, the following balances appeared in the books of Globe Limited (an unlisted company other than AIFI, Banking Company, NBFC and HFC): (i) 50,000 9% Debentures of ₹100 each issued at par (ii) Balance of Debenture Redemption Reserve (DRR) ₹5,00,000. (iii) Debenture Redemption Reserve (DRR) Investment ₹5,00,000 represented by 8.75% Secured Bonds of the Government of India of ₹100 each. Interest on Debentures was paid half- yearly on 30th of September and 31st March every year. On 31st May, 2021, the company purchased 8,000 Debentures of its own @ 98 (ex-interest) per debenture and cancelled them on the same date. On 1st January,2022, it further acquired another 10,000 own Debentures @ ₹101 (cum - interest) per debenture and cancelled them on the same date. The funds required for purchasing the aforesaid debentures were partly raised by selling off the DRR Investment. On 30th March, 2022, the remaining investments were realized at par and the Debentures were redeemed on 31st March, 2022. You are required to prepare the following accounts for the year ended 31st March, 2022: (1) 9% Debentures Account. (2) Debenture Redemption Reserve Account. (3) Debenture Redemption Reserve Investment Account. (4) Interest on Debentures Account.

Grooming Enterprises has 2 Departments, Department A and Department B. Department A manufacture Dyed Thread which is used by Department B for its Clothes production. Total production of Department A is sold to Department B at Cost plus profit. The following information is provided for year ending 31st March,2022: Department A Amount in (₹)Department B Amount in (₹) Opening Stock1,25,0004,20,000 Purchases12,60,00022,90,000 (Includes purchases from department A) Sales15,50,00030,40,000 Wages1,25,0005,60,000 Closing Stock3,47,5005,36,000 Both Opening & Closing Stocks of Department B consist 80% of Department A. Department A earned a Gross Profit of 20% in previous year. Other information: (a) Rent paid ₹60,000 (b) Carriage outward ₹40,000 (c) Other administrative expenses ₹1,55,000 You are required to prepare Departmental Trading and Profit & Loss account for the year ended 31st March, 2022.