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Read the following information carefully and answer the questions given below: Following are several eligibility criteria for applying for the post of Manager, IT in an organisation : (i) The candidate should be a postgraduate in Computer Science or Information Technology with at least two years work experience. (ii) The candidate should be a postgraduate in Mathematics/ Statistics with one-year post graduate diploma in Computer Science/ Information Technology and at least five years' work experience. (iii) The candidate should be an engineer with specialisation in Computer Science/ Information Technology with at least six years work experience. (iv) The candidate should be a graduate having Mathematics as one of the subjects, Master's degree in Computer Applications and at least three years work experience. (v) The candidate should be a postgraduate engineer in Electronics and have work experience of at least one year. An applicant can be eligible under one or more of the conditions given above: In each question below, details of a candidate are given. You have to study the information provided and decide under which criteria the candidate will be eligible and then find out the appropriate answer given below each question. You are not to assume anything other than the information provided. Arun Singh has completed his graduation in Computer Science. He h as also obtained Master's degree in Computer Applications. He has been working for the last seven years.

Varun Ltd. issued Rs. 10,00,000 shares of Rs. 100 each at a premium of Rs. 20 for subscription payable as: Rs. 10 per share on application, Rs. 40 per share and Rs. 10 premium on allotment, and Rs. 50 per share and Rs. 10 premium on final payment. Over-payments on application were to be applied towards amount due on allotment and over-payments on application exceeding amount due on allotment was to be returned. Issue was oversubscribed to the extent of 13,000 shares. Applicants for 12,000 shares were allotted only 1,000 shares and applicants for 2,000 shares were sent letters of regret. All the money due on allotment and final call was duly received. PAss necessary entries in the company's books to record the above transactions. Also, prepare company's Balance Sheet on completion of the above transactions.

Prepare Income and Expenditure Account of Entertainment Club for the year ending March 31, 2017 and Balance Sheet as on that date from the following information: Receipt and Payment Account For the year ending on March 31, 2017 Additional Information: