Attempt any ONE out of the two sub parts i.e. either (i) or (ii). (i) Ms. Manisha is engaged in business of selling magazines. Several of her…

Attempt any ONE out of the two sub parts i.e. either (i) or (ii). (i) Ms. Manisha is engaged in business of selling magazines. Several of her customers pay money in advance for subscribing his magazines. Information related to year ended 31 st March, 2024 has been given below: On 1.4.2023 he had a balance of 6,00,000 advance from customers of which - 4,50,000 is related to year 2023-24 while remaining pertains to year 2024-25. During the year 2023-24 she made cash sales of 15,00,000. You are required to compute: (i) Total income for the year 2023-24. (ii) Total money received during the year if the closing balance in Advance from customers Account is 5,10,000. OR (ii) Samuel & Co. employs a team of 9 workers who were paid - 1,20,000 per month each in the year ending 31 st December, 2022. At the start of 2023, the company raised salaries by 10% to 1,32,000 per month each. On 1 July, 2023 the company hired 2 trainees at salary of 63,000 per month each. The work force are paid salary on the first working day of every month, one month in arrears, so that the employees receive their salary for January on the first working day of February, etc. You are required to calculate: (i) Amount of salaries which would be charged to the profit and loss account for the year ended 31 st December, 2023. (ii) Amount actually paid as salaries during 2023. (iii) Outstanding salaries as on 31 st December, 2023.