AFA_Lec_9 - Less Operating expenses Salaries & Wages...

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    Advanced Financial  Accounting FIN-611   Mian Ahmad Farhan  Lecture-9 Departmental Accounts  
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    Departmental Accounts 
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    Question Accounting information relating to the  “FC”  store is as Follow:   Particulars   Jewellery   Hairdressing  Clothing Opening  stock (1/1/2008) 2,000 1,500 3,000 Purchases 11,000 3,000 15,000 Closing stock (31/12/2008) 3,000 2,500 4,000 Sales and work  done   18,000 9,000 27,000
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     Rs. 13,8000 Rent           3,500 Repair expenses            4,800 2,000 General expenses  1,200 Question
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    Solution & Working (In PDF format)
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    Trading Account  Particulars  A B Total  Sales  Less Cost of goods sold  Gross profit 
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Unformatted text preview: Less Operating expenses Salaries & Wages Rent, rates & taxes Repair & renewal Lighting & heating Profit from operations Add Other incomes Profit before tax Less Income tax Net profit/Profit after tax Less General expenses Net profit of the business xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx-------xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx--------xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx xxx Obvious Just Ratio Obvious Just Ratio Area occupied Sales # of employees Division of Expenses 1. Identified expenses 1. Obvious just ratio 1. Given Ratio...
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This note was uploaded on 05/15/2010 for the course ACCOUNTING B97702031 taught by Professor Lyz during the Spring '09 term at Punjab Engineering College.

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AFA_Lec_9 - Less Operating expenses Salaries & Wages...

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