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    Department - 3

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    pratik.kotecha

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    © All Rights Reserved
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    Department - 3

    Uploaded by

    pratik.kotecha
    4 views2 pages

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    Copyright:

    © All Rights Reserved
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    Download as pdf or txt
    4 views2 pages

    Department - 3

    Uploaded by

    pratik.kotecha

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    urniture & Fittings 3,000

    Sundry Creditors 4,500 47,920 Less: Depreciation


    18.600 for the year
    Stock in Trade 300 2,700
    28,790
    Sundry Debtors 6.060
    Cash at Bank 9,900
    Cash in Hand 170 10.070
    66,520
    86,520
    6. INTER DEPT. TRANSFERS AT SELLING PRICE
    6.1 DEPT. & GENERAL P & LA/C
    llustration 23: (Transfer at Cost + 25%)
    From the following data, prepare Departmental Trading and Profit and Loss
    the combined Income Account revealingthe concern's true result for the Account and thereafter
    year ended 31st December
    2013:

    Particulars Departrments
    A B
    Stock (January 1) 40,000
    Purchases from outside
    2,00,000 20,000
    Wages
    Transfer of Goods from Department A
    10,000 1,000
    50,000
    Stock (Dec. 31) at cost to the Department 30,000 10,000
    Sales to outsiders 2,00,000 71,000
    R' entire stock represents goods from Department A which transfers them at 25% above its cost.
    Administrative and selling expenses amount to ? 15,000 which are to be allocated between
    departments Aand B in the ratio of 4:1respectively.
    O.2 FINAL ACCOUNTS

    llustration24 : (Advanced)
    Macgreen and Co. has two departments A and B. Al goods purchased by B' departmet from 'A'
    department are transferred at normal market prices, From the following information prepare Trading
    and Profit and Loss A/c of the two departments for the year ended31st Decermber, 2017 and the
    Balance Sheet as on 31-12-2017.
    Particuars (Dept. B(O Total ()
    |Dept. A
    Opening Stock 10,000 10,000
    Purchases 1,10,000 5,000 1,15,000
    Goods from Department A 30,000 30.000
    Wages 300 3,200 3.500
    Salaries 2,400 600 3.000
    Closing Stock at Cost 18,000 6,000 24.000
    Sales 1.21,000 68.000 1.89.000
    Printing and Stationery 500 300 800
    Advertisement 5,000
    General Expenses 9,000
    Capital 60,000
    Debtors 27,000
    Creditors 4.000
    Machinery 6.000 6,000
    50,000
    Drawings 23,700
    Cash in Hand
    those issued from
    Depreciate machinery by 10%.The entire stock of the Department B represents
    A. The general expenses are to be apportioned in the ratio of 3:2 between A and
    the Department and 6,000 respectively, but the stock
    B.The closingstocks of A and B Departments were ? 18,000
    Department A.
    Department B was entirely from goods transferred from

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