Question

2. A departmental store carries on its business through five departments A, B, C, D and E.<br />(1) Following information for 2017 is now made available to you:<br />Salaries and Commission ? 11,020 ; Rent and rates ? 2,900 ; Insurance ? 1,160 ;<br />Miscellaneous Expenses?" 2,610.<br />All these expenses are chargeable to each department in proportion to the cost of the<br />articles sold in the respective departments.<br />(ii) Following balances as at 31-12-2017 were ascertained :<br />А<br />B<br />C<br />D<br />₹<br />₹<br />₹<br />Opening Stock at cost 10,000 6,000 15,000 8,000 9,000<br />Purchases<br />1,00,000 60,000 20,000 52,000 60,000<br />Sales<br />96,000 62,000 19,000 46,000 60,000<br />Closing Stock at cost 23,000 8,000 6,000 2,000 11,000<br />Prepare the Profits and Loss Account to show the final result of each department and<br />also the combined results with respective percentages on sales.<br />​

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