Question

Problem - 4
A firm had two departments, cloth and readymade clothes. The readymade clothes were made by the firm
itself out of cloth supplied by the cloth department at its usual selling price. From the following figures,
prepare Departmental Trading and Profit and Loss Accounts for the year ended 31st March, 2013:
Particulars
Cloth
Department
Rs.
3,00,000
20,00,000
22,00,000
3,00,000
20,000
Readymade
Cloths
Rs.
50,000
15,000
4,50,000
Opening Stock on 1st April, 2012
Purchases
Sales
Transfer to Readymade Clothes Department
Expenses - Selling
Manufacturing
Stock on 31st March, 2013
6,000
60,000
60,000
2,00,000​

Answer 1

Answer:

Problem - 4

A firm had two departments, cloth and readymade clothes. The readymade clothes were made by the firm

itself out of cloth supplied by the cloth department at its usual selling price. From the following figures,

prepare Departmental Trading and Profit and Loss Accounts for the year ended 31st March, 2013:

Particulars

Cloth

Department

Rs.

3,00,000

20,00,000

22,00,000

3,00,000

20,000

Readymade

Cloths

Rs.

50,000

15,000

4,50,000

Opening Stock on 1st April, 2012

Purchases

Sales

Transfer to Readymade Clothes Department

Expenses - Selling

Manufacturing

Stock on 31st March, 2013

6,000

60,000

60,000

2,00,000

Answer 2

Answer:

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