From the following information, calculate the historical cost of closing inventories using adjusted selling price method: Purchase during the year…

From the following information, calculate the historical cost of closing inventories using adjusted selling price method: Purchase during the year -15,00,000 Sales during the year -22,50,000 Opening Inventory Nil Closing Inventory at selling price -3,00,000 OR The cash book of a firm showed an overdraft of 30,000 on 31st March, 2025. A comparison of the entries in the cash book and pass-book revealed that - (i) On 22nd March, 2025, cheques totalling - 6,000 were sent to bankers for collection. Out of these a cheque for 1,000 was wrongly recorded on the credit side of the cash book and a cheque amounting to 300 could not be collected by bank before 1st April, 2025. (ii) A cheque for 4,000 was issued to a supplier on 28th March, 2025. The cheque was presented to bank on 4th April, 2025. (iii) There were debits of 2,600 in the pass-book for interest on overdraft and bank charges, but the same had not been recorded in the cash book. (iv) A cheque for 1,000 was issued to a creditor on 27th March, 2025 but by mistake the same was not recorded in the cash book. The cheque was, however, duly encashed by 31st March, 2025 . (v) As per standing instructions, the banker collected dividend of 500on behalf of the firm and credited the same to its account by 31st March, 2025. The fact was, however, intimated to the firm on 3rd April, 2025. You are required to prepare a bank reconciliation statement as on 31st March, 2025.