PROBLEM1 1How will you locate the following while preparing the final accounts of the company concerned for the year ending 31-3-2010 : (a) Land and Buildings (Cost 75,00,000, depreciation provided 80,000), sold for 7,50,000. (b) Purchases of 750,000 made in September, 2008 could not be accounted from the accounts of 2008-09. (c) In June 2009, post-manufacturing excise duty totalling 76,00,000 was paid in respect of 2006-07 and 2007-08. (d) Subsidy of 1,00,000 received from Government for installation of Diesel Generating Set. (e) Sales Tax collected from customers 1,50,000 against which an amount of 7 1,20,000 was paid Interest Received 13,500 after tax deduction @ 10%