year ended 31-12-2013.
es prepare Departmental Trading the
Particulars Dept. X Dept. Y
Total
Opening Stock 15.000 14,000
Purchases 35,000 30,000 29,000
65,000
Sales 50,000 1,10,000
60,000
Wages 6,000 4,000 10,000
Salaries
Lighting and Heating 9,390
Discount allowed 3,10C
Discount received 650
Advertising 2,20
Carriage inwards 3,680
Furniture &Fittings 2,34#
Rent, Rates, Taxes & Insurance 5,00
The following 2,10
informationis also provided :
(1) internalTransfer of goods from
(2) The items Rent, Rates and Department X to Department Y 2,000.
Insurance; Lighting& Heating; Salaries and Carriage
apportioned 2/3 to Department X and 1/3to Department Y. Inward to
(3) Advertisingto be
(4) Discount allowed apportioned equally.
and discount received are
purchases. apportioned on the basis of departmental sales
(5) Depreciation at 10% p.a. on Furniture & Fittings to be
Department Y. charged 3/4 to DepartmentX and 1/4
(6) Stock as at 31st
December 2013:
Bustration 18
Fromthe following particulars of Rajendra Hardware Stores having two departnents namely.
Hardware and Paints. Prepare Trading and Profit and Loss Account of the two departments in
columnar form for the year ended 31st March 2014.
Particulars |Hardware () Paints ()
Opening Stock 86,400 1,01,300
4,26,800 5,64,300
Purchases 4.000
Carriage Inwards 5,000
14,000 11,000
Wages 7,15,700 8,12,900
Sales 15,700 12.900
Return Inwards 4,300
6,800
Return Outwards
7,700
Discount Received
38,000
Rent and Rates 33.000
Travelling Expenses 49,500
Carriage Outwards 18,000
General Expenses 45,000
Advertising 3,900
Discount Allowed 6.800
Insurance 9,900
Selling and Distribution Expenses
information is relevant: the ratio 2:3.
The further to be allocated in
Expenses and insurance are 1/5.
a) General
occupied is Hardware 4/5 and Paint 1,24,800, Paints 1,68,700.
b)The area departments were Hardware ? Suitable basis
stock of the two departments on a
c) The closing allocated between the two departmer
Otherexpenses and
incomes to
transferred goods costing 15,000 to paints
Department
uarinothe vear Hardware (F.Y.B.Com., IDOL, Aprll 2015, adaptee
From the following particulars you are required to prepare departmental Profit
departments A and B: and Loss Account tc
Particulars Dept. A Dept. B
Opening Stock 60,000 90,000
Purchases
Sales 3,60,000 5,40,000
Closing Stock 6,00,000 8,00,000
20,000 80,000
Salaries
25,000 30,000
Wages 12,000 15,000
Total ?
Advertising Expenses 28,000
Rent
20,000
General Expenses 60,000
Conveyance 25,000
Insurance 10,000
Postages 15,000
Transfer stock worth20,000 from Dept. Ato Dept. B. Advertising expense should be
in the ratio of sales; rent equally and general expenses in the ratio of apportioned
2:3 between departmentsA
and B. Also prepare General P&L Account.
