Question

From the following information of Bangaari Departmental Stores, prepare the departmental Trading
and Profit and Loss Account for the year ending 31–3–2020.
Dept. X
Dept. Y
Total
Particulars
3
₹
F ₹
Opening stock
6,000
Purchases
5,000
11,000
62,000
31,000
Sales
93,000
1,01,500
76,000
Returns outwards
1,77,500
2,000
1,000
3,000
Wages
4,000
7,500
11,500
Returns inwards
1,500
1,000
2,500
Salary to office staff
25,000
Rent and taxes
4,500
Discount allowed
3,500
Discount earned
2,500
Carriage outwards
1,400
General expenses
4,200
Other information :
a) Office staff appointed : Dept. X - 8 persons and Dept Y – 12 persons.
b) Area occupied : Dept. X - 400 Sq. ft and Dept. Y - 800 Sq. ft.
c) Depreciation on machinery worth 50,000 at 10% and on furniture worth * 15,000 at 20% to be
distributed between the departments equally.
d) Stock of goods on 31–3–2020 : Dept. X - * 8,000 and Dept. Y - 3 4,000
Inter - departmental transfers : Dept. X to Dept. Y * 10,000, which is not included in the
information.
Exclude the inter - departmental transfers for the calculation of ratio.
0
0
above
6)​

Answer 1

Answer:

Exclude the inter- departmental transfers for the calculation of ratio is the right answer.