Following information is given by Mr. Happy (stock broker) relating to his holding in 10% Government Bonds: Opening Balance as on 1st April, 22 was 5,000 units (Nominal value ₹100 each), Cost ₹4,85,000 On 1st June, 22, Purchased 600 units, cum-interest @ ₹99 On 1st August, 22, Purchased 2400 units, ex-interest @ ₹97.50 On 1st October, 22, Sold 2,500 units @ ₹98.50, ex-interest On 1st January, 23, Sold 3,000 units @ ₹99 cum interest Interest is received on 30th June and 31st December each year. Mr. Happy closes his books on 31st March each year. Prepare Investment Account in the books of Mr. Happy assuming that FIFO method of valuation is followed by Mr. Happy.

Jolly Industries of Delhi is a trader in spices. It has a branch at Jalandhar to which Head office invoice goods at 20% on sales. The Jalandhar branch sells spices both on cash and credit. Branch remit all the cash received to Head Office Bank account, thus all expenses of branch are also directly paid from head office. From the following information given, Prepare Branch Accounts in the Head office ledger using Stock and Debtors Method. Branch does not maintain any books of account, but send fortnightly returns to Head office. ₹ Stock at Jalandhar Branch as on 1st April, 2022 (Cost Price)1,00,000 Sundry Debtors at Jalandhar as on 1st April, 20221,10,000 Cash received from Debtors3,45,000 Bad debts during the year9,500 Discount allowed to Debtors5,500 Goods received from Head Office at Invoice Price6,00,000 Returns to Head office at Invoice Price60,000 Normal loss of goods during transport (Out of Goods sent by H.O. to Branch)12,000 Sales returns at Jalandhar Branch11,000 Salaries and staff welfare expenses at Branch54,000 Rent and taxes at Branch9,000 Other Office Expenses2,500 Sundry Debtors at Branch as at 31st March 20231,55,000 Stock at Jalandhar as on 31st March, 2023 (Cost Price)1,20,000 Credit sales at Branch are four times of the cash Sales at Branch.