Question

2. Trading and Profit and Loss Account of a concern having three departments is as follows
INC
for the year ending 31.3.2020:
Purchases:
(A) Televisions
(B) Radios
(C) Spare parts for service
Salaries and Wages
Rent
Sundry Expenses
Profit
1,50,000
1,00,000
25,000
Sales :
1.40.700 Televisions (A)
90,600 Radios (B)
64,400
Receipts from Servicing (C)
48,000 Closing Stock:
10.800 Televisions (A)
11,000 Radios (B)
34.500 Spare Parts (C)
4,00,000
60,100
20,300
44,600
4,00,000
Prepare Departmental Accounts for the Departments A, B and C taking into account
the following information:
(a) TV and Radio are sold in the shop and servicing is done in the workshop.
(6) Salaries and Wages comprise the following:
Shop 3/4 : Workshop 1/4.
It was decided to allocate shop salaries and wages in the ratio of 1: 2 between A and
B.
(c) Workshop rent is 500 per month. Rent of the shop is divided equally between A and
B.
d) Sundry Expenses are to be distributed on the basis of turnover of each department
A
B.​

Answer 1

Answer:

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