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M/s Z & Co has two departments. You are required to prepare the Trading and Profit and Loss Account for

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M/s Z & Co has two departments. You are required to prepare the Trading and Profit and Loss Account for each department for the year ended on 31st March, 2018 on the basis of the following information :

Other common expenses : Rent ₹15,000; Electricity ₹6,000; Depreciation ₹18,000; Selling expenses ₹8,000. Some other relevant information is given below :

Transcribed Image Text:

Opening Stock (1.4.2017) Purchases Sales Sales Returns Closing Stock (31.3.2018) Wages Salaries Particulars Dept. 1 (3) 25,000 2,30,000 6,33,000 3,000 30,000 80,000 40,000 Dept. II (²) 20,000 1,90,000 4,92,000 2,000 18,000 60,000 25.000

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Related Book For  answer-question
Financial Accounting Volume II

Financial Accounting Volume II

ISBN: 9789387886230

4th Edition

Authors: Mohamed Hanif, Amitabha Mukherjee

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Question Details
Chapter # 9- Departmental Accounts
Section: Practical Question
Problem: 3
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Question Posted: August 25, 2023 02:37:18
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