The following purchases were made by a business house housing
three departments :
Department A – 1000 units
Department B – 2000 units
at a total cost of
1,00,000
Department C – 2400 units
Stock on 1st January were :
Department A – 120 units
Department B – 80 units
Department C – 152 units
The sales were :
Department A – 1020 units at Rs. 20 each
Department B – 1920 units at Rs. 22.50 each
Department C – 2496 units at Rs. 25 each
Assume rate of gross profit is same in each cash, and prepare
departmental trading account.
Answers
Answer: The table is drawn using all the information and getting all the details.
Explanation:
The following purchases were made by a business house housing
three departments :
Department A – 1000 units
Department B – 2000 units
at a total cost of
1,00,000
Department C – 2400 units
Stock on 1st January were :
Department A – 120 units
Department B – 80 units
Department C – 152 units
The sales were :
Department A – 1020 units at Rs. 20 each
Department B – 1920 units at Rs. 22.50 each
Department C – 2496 units at Rs. 25 each
Assume rate of gross profit is same in each cash, and prepare
departmental trading account.
So the question asks to analyze the data and all the values and the stuff in the question:-
So depending on the values the departmental trading account the knowledge to make it is important:-
The simplest departmental accounting method is the gross profit method. This method calculates the gross profit of each department by analyzing transactions relating to sales, purchases and inventory. Expenses of the business are then deducted from the total of the gross profits of all departments to arrive at the net profit for the business:-
So now using the data and analysis the data points are:-
Then we can make the chart from the data and the calculations of the data points and get the values and plot the table.
Answer:-The table is drawn using all the information and getting all the details.
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