Question

Create a store ledger under simple average method

From the following details , write stores ledger account under simple average method

DECEMBER 1. opening balance 100 kg @ rs 5.00
5. received 50 kg @ rs 5.20
8. issued 120 kg
10. issued 10 kg
15 received 80 kg @ rs 5.40
18 issued 50 kg
20 received 100 kg @ rs 5.60
25 issued 40 kg
29 issued 60 kg

The stock verified find a shortage of 10 kg on 16.12.2001 and another shortage of 10 kg on 26.12.2001

Answer 1

Answer:

Check the attachment.

I hope it helps :)