Question

4,20,000
60,000
24,000
18,000
80,000
00,000
50,000
6,000
2,000
2,000
1,000
-,000
CASE II ASCERTAINING DEPARTMENTAL PURCHASES
Jones Bros. wholesale stores purchase goods as follows:
A Deptt.
500 articles
B Deptt.
1,000 articles
Total cost 1,00,000
C Deptt.
1,200 articles
Commencing stocks were :
A Deptt. 60 articles; B Deptt. 40 articles, C Deptt. 76 articles. Their sales were
A Deptt. 510 articles at 40 each
B Deptt. 960 articles at 45 each
C Deptt. 1,248 articles at 50 each
Assuming the percentage rate of gross profit is the same in the case of all the three
articles, prepare departmental trading account showing the gross profit on trading to be
carried to the firm's profit and loss account. Stocks to be valued on the same basis as
purchases.
Ans. Gross profit: A-4,080, B-8,640,C--12,480]
2000
Che
nal
DO
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Answer 1

Answer:

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