Complex Ltd. has 3 departments: A, B and C. The following information is provided : (all figures
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Complex Ltd. has 3 departments: A, B and C. The following information is provided : (all figures in ₹)
Stocks of each department are valued at cost to the department concerned. Stocks of A Department are transferred to B at a margin of 50% above departmental cost. Stocks of B Department are transferred to C Department at a margin of 10% above departmental cost.
Allocate expenses in the ratio of departmental gross profits. Opening figures of reserves for unrealised profits on
Prepare Departmental Trading and Profit and Loss Account for the year ended 31st March 2018.
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Related Book For
Financial Accounting Volume II
ISBN: 9789387886230
4th Edition
Authors: Mohamed Hanif, Amitabha Mukherjee
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