he following expenses are cutatanding as an 31st March 2009
» Publicity * 1.300 salaries 1.200, commission 1.700
(1) Provide 10% depreciation on furniture and fixtures.
Plane of 1.500 ft
among stationery, bo
Ignore fraction of a rupee in calculations
Paper
Watches 18.233)
Tans. Net Prom
71.700)
period the requisite informs
and Magzines
ending 31st December 2008
Opening Stock
Purchases
Sales
Closing stock
The expenses for trading
to the sales of that depe
2
2.000
50.000
1002
250
Pent and Rates
Sundry expenses
Salaries
3,0000
In addition the man
Capital
Stock (as on 1.1.08) - Paper
- Stationery
-Books
Magzines
Purchases -Paper
- Stationery
- Books
-- Magzines
Sales
- Paper
-- Stationery
Books
Magzines
Rent
Lighting
Showroom maintenance
Showroom fittings
Sundry Debtors (for paper
Sundry Creditors
Salaries
- Showroom
- whole sale business
Showroom Cashier
General office salaries
General office expenses
Cash and bank Balance
the profit of his dep
Ans. Gross Profit
Deptt. * 1.500. Net
3.00000
10 000
3.8000
A2000
4.2009
80.000
24
180
18000
1.000
150,00
8.
12.000
CASE II A
Jones Bros. whol
A Depit
B Deptt.
C Deptt.
Commencing
A Deptt. 60 a
A Dept
B Dep
C Der
Assuming
articles, pr
carried to
purchases
Ans. Gr
44
8000
financial
year ending 31st
information :-
(1) Closing stock at the end was
Paper
Books
1,80.000
1,20,000
Stationery
Magzines
40.000
30,000
(vii) Revenue items to be allocated in the ratio of 2:1 as between radios and watches
(Ans. Gross profit Radio 54.000: Watches 30.000 Net profit Radios 22.461
7. Samsung brothers are leading paper merchants and book sellers. Their whole
business is un paper and their retail show room conducts business in stationery books
The following balances are extracted from their books as at the end of financial year
You are requested to prepare departmental Trading and Profit & Loss Account for the
December 2008, with the help of followig additional
6. Consumer Stores RT 0
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