From January 1 2017, Ramesh & Co have been running three departments A, B and C and

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From January 1 2017, Ramesh & Co have been running three departments A, B and C and the following particulars have been taken from their books on December 31 2017:Inter-departmental supplies have been made during the year by each department at market price and the stocks at close valued at cost to A department include ₹4,000 worth goods supplied by B. Miscellaneous expenses include ₹600 on account of supplies to a partner for personal expenses. You are required to prepare Departmental Trading and Profit and Loss Account apportioning general unallocated expenses on the basis of turnover (i.e., sales plus transfers).

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Financial Accounting Volume II

ISBN: 9789387886230

4th Edition

Authors: Mohamed Hanif, Amitabha Mukherjee

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