QUESTION NO 24 (CA MAY 2011) The Z Ltd has three departments and submits the following...

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QUESTION NO 24 (CA MAY 2011) The Z Ltd has three departments and submits the following information for the year ending on 31st march, 2009. A B C Total Rs. Purchases (Units 5,000 10,000 15,000 Purchases (Amounts) 8,40,000 Sales (Units) 5,200 9,800 15,300 Selling price (per unit) Rs 40 Rs 45 Rs 50 Closing stock (units) 400 600 700 You are required to prepare department trading account of Z Ltd. Assuming that the rate of Profit on sale is the uniform in each case. ANSWER: UNIFORM GP RATIO 40% QUESTION NO 24 (CA MAY 2011) The Z Ltd has three departments and submits the following information for the year ending on 31st march, 2009. A B C Total Rs. Purchases (Units 5,000 10,000 15,000 Purchases (Amounts) 8,40,000 Sales (Units) 5,200 9,800 15,300 Selling price (per unit) Rs 40 Rs 45 Rs 50 Closing stock (units) 400 600 700 You are required to prepare department trading account of Z Ltd. Assuming that the rate of Profit on sale is the uniform in each case. ANSWER: UNIFORM GP RATIO 40%