You are given the following particulars of a business having three departments: Additional information: (i) Purchases were
Question:
You are given the following particulars of a business having three departments:
Additional information:
(i) Purchases were made at a total cost of ₹92,000.
(ii) The percentage of gross profit on turnover is the same in each case.
(iii) Purchases and sales prices are constant for the last 2 years.
(iv) Selling price per unit: Department A ₹20; Department B ₹25; and Department C ₹30. You are required to prepare Departmental Trading Account.
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Department Opening Stock Purchases Closing Stock Selling Price per Unit Sales COGS Gross Profit Department A 300 units 1000 units 1500 units 20 16000 ...View the full answer
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Related Book For 
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
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