The following information pertains to ABC Limited for the period 1 st April, 2024 to 31 st March, 2025: Sl. No. Particulars Amount (₹) Amount (₹) 1…

The following information pertains to ABC Limited for the period 1 st April, 2024 to 31 st March, 2025: Sl. No. Particulars Amount (₹) Amount (₹) 1 Royalty paid for production 7,76,400 2 Amount paid for power & fuel 2,15,200 3 Packing cost paid for re-distribution of Finished Goods 70,500 4 Repairs & Maintenance paid for: - Plant & Machinery 65,000 - Sales office building 80,000 1,45,000 5 Insurance premium paid for Plant & Machinery 1,17,520 6 Research & Development cost paid for improvement in production process 17,800 7 Depreciation on office building 75,500 8 Salary paid to General Manager 15,50,000 9 Salary & bonus paid to Sales & Marketing staff 11,40,500 10 Receipt from sale of scrap and waste generated during production 20,000 11 Value of Stock as on 1 st April, 2024: - Raw materials 5,00,000 - Work-in-process 8,40,000 - Finished goods ? 12 Value of stock as on 31 st March, 2025: - Raw materials 1,10,000 - Work-in-process 6,50,000 - Finished goods ? Other information are as follows: (i) Raw materials purchased were 15,000 kgs @300 per kg. (ii) Freight inwards paid at 4% of the cost of raw materials purchased. (iii) Wages paid to factory workers was 30% of raw material consumed. (iv) Closing stock of finished goods was - 9,90,000 more than the opening stock. The average stock of finished goods was - 11,55,000. (v) Sales during the period 1 st April, 2024 to 31 st March, 2025 was - 1,10,00,000. On the basis of above Case Scenario, you are required to answer the following MCQs 1 to 5: