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(Weighted Average Profit Method when Past Adjustments are Made.) Sahil and Anupam are partners sharing profits in the ration of 3 : 2 They admit Amit into partnership. It was agreed to value goodwill at three years' purchase on the basis of Weighted Average Profit of the past five years. Weights being assigned to each year were: 31st March, 2015 - 1, 31st March, 2016 -2, 31st March, 2017 - 3, 31st March, 2018 - 4 and 31st March, 2019 - 5. The profits for these five years were: {:("Year Ended",,"Profits (Rs.)"),("31st March, 2015",,"1,80,000,"),("31st March, 2016",,"1,60,000,"),("31st March, 2017",,"2,50,000,"),("31st March, 2018",,"3,00,000",),("31st March, 2019",,"3,50,000".):} Secutiny of books of account revealed that: 1. An abnormal gain of Rs. 20,000 was earned in the year ended 31st March, 2016. 2. An abnormal loss of Rs. 10,000 was incurred in the year ended 31st March, 2017. 3. Expense of Rs. 50,000 incurred to overhaul a machinery Account. Depreciation is charged on Machinery @ 20% on Written Down Value Method. 4. Closing Stock as on 31st March, 2018 was undervalued by Rs. 20,000. Calculate value of goodwill.

Following is the Trial Balance of Anand, a sole proprietor : Taking into consideration the following adjustments, prepare Trading and Profit and Loss Account for the year ended 31st March, 2019 and Balance Sheet as at that date: (i) Closing Stock at market price as on 31st March, 2019, rs 80,000. However, its cost was rs 70,000. (ii) Provide Depreciation on Machinery @ 10%. (iii) A fire occurred on 1st April, 2019 destroying goods costing rs 5,000. (iv) The car was sold at book value on 1st April, 2018 and sale proceeds were taken for personal use by Anand -which was left unrecorded.

On comparing the Cash Book os Saksham with the Pass Book , following discrepanicies were noted : (i) Out of ₹ 41,000 pain in by cheques into the bank on 25th, March cheques amonting to ₹ 15,000 were collected on 5th April, (ii) Out of cheques drawn amounting to ₹ 15,600 on 28th March a cheque for ₹ 5,000 was presented on 3rd April. (iii) A cheque for ₹ 2,000 entered in Cash Book but omitted to be banked on 31st March. (iv) A chequ for ₹ 1,200 depossited into bank omitted to be recorded in Cash Book and was collected by the bank 29th March. (v) A bill receivable for ₹ 1,040 previously discounted (discount ₹ 40) with the bank had been dishonoured but advice was received on 3rd April. (vi) A cheque ₹ 20,000 was retired/pair by the bank under a rebate of ₹ 300 but the full amount of the bill was credited in the bank column of the Cash Boook. (vii) A cheque of ₹ 5,000 wrongly credited in the Pass Book on 29th March was reversed on 2nd April. (viii) Bank had wrongly debtied ₹ 10,000 in the account on 31st March and reversed it on 10th April. 2019 (ix) A chequ of ₹ 400 drawn on the Saving Account has been shown as on Current Account in Cash Book. Prepare a Bank Reconciliation Statement as on 31st March, 2019 if the Balance as per Cash Book on 31st March was ₹ 79,140

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80 railway wagons all of same mass 5xx10^(3) kg are pulled by an engine with a force of 4xx10^(5) N. The tension in the coupling between 30 th and st 31st wagon from the engine is :-

following is the Receipts and Payments Account of Indian Youth Association for the year ended 31st March 2019 : Investments were made on 1st October 2018 earning interest "@"5% p.a., Subscriptions included Rs. 80,000 for the year ended 31st March 2018 and Rs. 40,000 for the year ending 31st March 2020, Subscriptions for the year ended 31st March 2019 Rs. 80,000 were still in arreans. Rent for March 2019 Rs 5,000 is still unpaid Rs. 3,000 are payable against a bill for stationery . Book value of the car was rs 55,000. Prepare Income and Expenditure Account for the year ended 31st March 2019 and Balance Sheet as at that date.