Roni Ltd. took over assets worth ₹ 20, 00,000 from Krishan Ltd. by paying 30% through bankdraft andbalancebyissueofsharesof₹100eachatapremiumof10%.TheentrytobepassedbyRoniLtd.forsettlementwillbe:-1A. KrishanLtd.Dr.ToShareCapitalA/cToSecuritiesPremiumA/cToBankA/cToStatementofP&L(Beingsettlementofamountduetovendors)20,00,00012,72,7001,27,2706,00,00030B. KrishanLtd.Dr.ToShareCapitalA/cToSecuritiesPremiumA/cToBankA/c(Beingsettlementofamountdue tovendors)20,00,00012,72,7001,27,2706,00,030C. KrishanLtd.Dr.ToShareCapitalA/cToSecuritiesPremiumA/cToBankA/c(Beingsettlementofamount duetovendors)20,00,00012,72,7001,27,3006,00,000D. KrishanLtd.Dr.ToShareCapitalA/cToSecuritiesPremiumA/cToBankA/c(Beingsettlementofamountduetovendors)20,00,00012,73,0001,27,3005,99,700

Krish and Shail entered into a partnership on 1st October, 2022, with capital contributions of₹ 48,000 and ₹ 36,000 respectively.On 1st January, 2023, Shail advanced a loan of ₹ 12,000 to the firm.The terms of the partnership agreement are as follows:(a) Interest on Capital to be allowed at 12% per annum.(b) Interest on Drawings to be charged @ 10% per annum.(c) Krish to be entitled to a commission of 2% on the turnover.(d) Each partner to get a salary of ₹ 1,200 per month.(v) Profits and losses to be shared in the ratio of 4:3.The turnover for the period under consideration was ₹ 2,00,000.The drawings of the partners were: Krish ₹ 4,000; Shail ₹ 2,000.The profit of the firm for the year ended 31st March, 2023, before providing for any interestwas ₹ 1,10,000.You are required to prepare for the year 2022-23:(i) Profit and Loss Appropriation Account.

Atishyokti Ltd. company was registered with an authorized capital of ₹ 20,00,000 divided into2,00,000 Equity Shares of ₹ 10 each, payable ₹ 3 on application, ₹ 6 on allotment (including ₹ 1premium) and balance on call. The company offered 80,000 shares for public subscription. All themoney has been duly called and received except allotment and call money on 5,000 shares held byManish and call money on 4,000 shares held by Alok. Manish’s shares were forfeited and out of these3,000 shares were re-issued ₹ 9 per share as fully paid up. Show share capital in the books of thecompany. Also prepare notes to accounts

Given - Fixed Assets ₹ 3,00,000, Current Assets ₹ 1,50,000, Current Liabilities ₹ 50,000, Debenture ₹ 1,50,000, Reserve ₹ 20,000, Net Assets will be. (दिया गया है - स्थायी सम्पत्तियाँ ₹ 3,00,000, चालू सम्पत्तियाँ ₹ 1,50,000, चालू दायित्व ₹ 50,000, ऋणपत्र ₹ 1,50,000, संचय ₹ 20,000, शुद्ध सम्पत्तियाँ होंगी)a.₹ 4,00,000b.₹ 2,50,000c.₹ 3,00,000d.₹ 2,30,000

The following trial balance was extracted from the books of Kamau’s a soletrader as at 31/12/2017.DEBITSHSCREDITSHSFurniture 12,000Motor Vehicle 20,000Bank loan 20,000Debtors 39,000Stock 1/1/2017 14,000Sales 96,000Discount Allowed 3,500Advertising expenses 1,800Insurance expenses 4,000Return Inwards 6,000Salaries Expenses 2,800Electricity expenses 2,000Purchases 38,000Rent Income 12,000Carriage inwards 5,000Return outwards 3,000Discount received 4,500Dividend income 7,000Creditors 16,000Drawings 4,000Cash 15,000Capital 8,600167,100 167,100Additional Information:Value of closing stock shs.5,000Bad debts to be written off shs.1,500Prepaid insurance expenses was shs.2,500Unpaid electricity bill as at 31/12/2017 was shs.1,000.Rent income received in advance was shs.4,000Dividend income receivable was shs.3,000Required:i) Prepare a Trading and profit and loss account for the year ended31/12/2017

AssetsNon-current assetsProperty, Plant, and Equipment 6,430Intangible asset - software 2,250Investment in Batak at cost 5,820Investment - Others 400Total non-current assets 14,900Current assetsInventories 2,087.50Trade Receivables 1,300Cash at Bank 108,585Total current assets 111,972.50Total assets 126,872.50Equity & LiabilitiesEquityOrdinary shares of RM 1 each 5,860Share Premium 3,450Retained Profits 6,670Non-controlling Interest 472Total equity 16,452Non-current liabilities10% loan from Amboi 240Deferred tax 580Total non-current liabilities 820Current liabilitiesTrade payables 13,335Tax payable 425Bank Overdraft 65Dividend payable 1,190Total current liabilities 15,015Total equity & liabilities 126,872.50