From the particulars given below write up the stores Ledger card: January-1 Opening stock 1,000 units...
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From the particulars given below write up the stores Ledger card: January-1 Opening stock 1,000 units @ Tk.26 5 Purchased 500 units @ Tk.24.50 7 Issued 750 units 10 Purchased 1,500 units @ Tk.24 12 Issued 1,100 units 15 Purchased 1,000 units @ Tk.25 17 Issued 500 units 18 Issued 300 units 25 Purchased 1,500 units @Tk.26 29 Issued 1,500 units Adopt the FIFO method of issue and ascertain the value of the closing stock. ** 33 ** 11 39 # From the particulars given below write up the stores Ledger card: January-1 Opening stock 1,000 units @ Tk.26 5 Purchased 500 units @ Tk.24.50 7 Issued 750 units 10 Purchased 1,500 units @ Tk.24 12 Issued 1,100 units 15 Purchased 1,000 units @ Tk.25 17 Issued 500 units 18 Issued 300 units 25 Purchased 1,500 units @Tk.26 29 Issued 1,500 units Adopt the FIFO method of issue and ascertain the value of the closing stock. ** 33 ** 11 39 #
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SOLUTION The stores ledger card can be written as follows Jan1 Opening stock of 1000 units Tk26 per ... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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