Question

Prepare a stores ledger account from the following transactions assuming that
the issues of stores have been priced on the principle of Last in First out.
2017
April
1 Received 1000 units at Rs.20
per
unit.
3 Received 260 units at Rs.21 per unit.
7 Issued
700 units
12 Received 400 units at Rs.23 per unit
15 Received 300 units at Rs.25
per
unit
19 Issued
620 units
23 Issued 240 units
27 Received 500 units at Rs.22 per
30 Issued 380 units.
per unit​

Answer 1

Answer:

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