1. The total cost of constructing a factory building, completed on April 1, 2023, was ₹ 56,50,000. Additionally, ₹ 45,000 was spent on temporary huts for storing materials, and an insurance premium of ₹ 56,500 was paid on April 5, 2023. How should the capital and revenue expenditures be classified?

2. If a receipt of ₹ 21,500 for interest is recorded as a payment of ₹ 12,500, what impact will this have on profits?

3. Shiva received a bill for ₹ 58,550 from Vijay and endorsed it to Makkhu. When the bill matured, it was dishonored, and noting charges of ₹ 450 were paid by the holder. What amount should Shiva debit Vijay?

4. A Joint Venture with XYZ Account is opened under which condition?

5. On March 31, 2023, a trader's debtors amounted to ₹ 6,20,000 before writing off bad debts of ₹ 15,000. The provision for bad and doubtful debts is 5% on debtors, and the provision for discount on debtors is 2%. What is the amount of the provision for discount on debtors?

6. Salaries paid during the year 2022-23 were ₹ 4,70,000. Salaries outstanding on April 1, 2022, were ₹ 65,000 and remained outstanding for three months on March 31, 2023. What amount will be shown in the Income and Expenditure Account?

7. Profit before interest on loan and manager’s commission was ₹ 4,25,250. Interest on loan is ₹ 42,000. If the manager is entitled to a commission of 5% on net profit after charging such commission, what will be the manager’s commission?

8. At the end of the accounting year, how are advances from customers treated?

9. On March 31, 2023, a trader's debtors were ₹ 7,50,000 before writing off bad debts of ₹ 25,000. The provision for bad and doubtful debts is 5% on debtors, and the provision for discount on debtors is 2%. What will be the amount of net debtors shown in the balance sheet as of March 31, 2023?

10. Following information is available for the year ending March 31, 2023: Salaries outstanding and paid in advance on April 1, 2022, were ₹ 33,000 and ₹ 22,000 respectively. Salaries paid during the year 2022-2023 were ₹ 3,30,000. What will be the amount of salaries to be recorded in the Income and Expenditure Account for the year ending March 31, 2023?

11. Given the opening stock, closing stock, sales return, and sales figures of ₹ 2,80,000; ₹ 3,20,000; ₹ 45,000; and ₹ 24,20,000 respectively, if the gross profit rate is 25% on cost, what will be the gross profit?

12. Which account shows only items of revenue nature for the accounting period?

13. What is the term for the excess of hire-purchase price over the cash price?

14. AS-10 applies to which of the following assets?

15. Goods costing ₹ 2,34,000 were sent to the Branch at an invoice price of ₹ 3,12,000. What is the loading on the invoice price?