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Advanced accounting numericals and their answers?
A Royal departmental store has 3 departments: Vegetables, fruits and flowers. Following data is available with respect to each of the departments.
Particulars Vegetables Fruits Flowers Sale 886100 775700 339400 Purchases 599900 549600 280500 Opening stock 41800 38000 19200 Closing stock 35400 40900 20500 Salaries 20000 12000 7000 Depreciation of fixtures 2400 2000 2000 Unallocated Expenses Heating and lighting Rs. 18000, rent Rs. 12000, rate Rs.6000. Advertising Rs. 6000, general expenses Rs. 12000. Heating and lighting, rent and rates are to be allocated in the ratio of 2:2:1 and advertising and general expenses are to be allocated equally among all 3 departments. Required: prepare departmental trading and trading and loss account of the 3 departments separately. |
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