On January 1, 2022, Mr. Babar acquired a computer on hire-purchase system, agreed to pay four half-yearly instaliments ofRs 1600 each commencing on June 30, 2022 Interest is at 5% for each six-month period on cash price of Rs 6000On September 30, 2022, Mr. Babar committed default and the vendor seized the property it was agreed that he would pay the due proportion of his half-year installment, Le Rs.800 together with Rs. 720 for the repair of the computer. The returned computer was later on valued at Rs 2800 The computer was sold for Rs 4800 after incurring renovating expenses of Rs.500 you are required to show the relevant accounts in the books of vendor and buyers

Gildvalinig expenses of Rs.600. Evalit accounts in the books of vendor and buyer. 4. A company carried forward debit balance of Rs. 950,000 in the Profit and Loss account from the year ended on 31s December 2021. During the year 2022 it made a further profit of Rs. 450,000. It was decided that following decisions be carried out: a. Dividend Equalization account Rs. 155,000 b. Provision for taxation Rs. 850,000 C. General Reserve of Rs. 185,000 d. Dividend at 10% on 45,000 equity shares of Rs. 10 each fully paid. e. Rs. 70,000 be paid to the employees as bonus Required: Write up the Profit & Loss Appropriation Account and show in balance sheet. 5. H. Ltd. forwarded on 1st Don