Question

Ex-1 From the following balances prepare Manufacturing, Trading and Profit and Loss account.
Amt Rs.
Particulars
49,140
Opening Stock: Finished Goods
Work in Progress
3,000
Raw Material
25.920
Chemicals
1,170
Purchases: Raw-Materials
4,27,860
Chemicals
37,110
Factory Wages
4,68,000
Factory Overheads
36,000
Sales
12,00,000
Discount on material (Cr.)
10,200
Carriage Outward
6,960
Salaries
67,200
General Expenses
54,930
Cash Discount(Dr.)
15,300
Depreciation:
Plant
48.000
Factory Building
1,200
Office
1,500
Balances as on 31-03-2015: Closing Stock of Raw-material in hand Rs.20580, WIP Rs.6000, Chemicals
Rs.2280 and Finished goods Rs.37,140 (Ans : Net Profit Rs.32,910)​

Answer 1

Answer:

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