‘x’ undertook several contracts and his ledger contained a separate account for each contract. On 30 June 2009, the account of the Contract No 108 showed the following amount expended there on:
|
Materials directly purchased |
2,70,000 |
|
Materials issued from stores |
2,40,000 |
|
Plant purchased |
10,80,000 |
|
Wages |
3,66,000 |
|
Direct expenses |
36,000 |
|
Proportion of establishment charges |
81,000 |
|
10,68,000 |