Question

22. (A). The following information is received from the Atul Co. Ltd, for the
year 2006 and 2007.
Particulars
2006
2007
Purchases
Rs. 2,70,000
(?)
Average Stock
Rs. 50,000
Rs. 70,000
Opening Stock
Rs. 40,000
Rs. 60,000
Stock Turnover
(?)
10 Times
From the above information find out :
K (1) Stock Turnover Rate and Cost of goods sold for the year 2006. /
(2) Purchases and Cost of goods sold for the year 2007)
(B) Find out economic order quantity from the following particulars
B
Tri-monthly consumption
900 units
Cost of placing an order
RS. 1,000
Carrying cost
Cost price per unit
RS: 4001
(Guj: Uni; S., March, 2008)
5.
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Answer 1

Answer:

sorry I do not know there answer..............

Answer 2

Answer:

X and Y are partners in a firm sharing profits and losses in the ratio 3:1 Their

balance sheet as on 31" December was as under :-

Balance Sheet

(As on 31" December 2017)

Liabilities

Rs.

Assets

Rs.

Creditors

18000

Cash in hand

7500

Capitals :-

Bills Receivables

1500

X - 17000

Debtors

8000

Y - 5500

22500

Stock

1000

Furniture

10000

Buildings

12500

40500

40500

On 1" January 2018 they admitted Z into partnership on following terms :-

1. He will pay Rs. 5500 as Capital for 1/5 share of profit.

2. He brings for Goodwill Rs. 2000.

3. Stock and Furniture will be depreciated by 10% and a Provision on Debtors

will be made @ 5%

4. Building will be appreciated by 20%

Prepare revaluation Account and Partners Capital A/C