Rose Ltd operates a number of retail shops of which goods are invoiced at wholesale price which is cost plus 25% shops sell the goods at the list price which is cost plus 100% from the following particulars. Prepare the necessary ledger accounts:
|
Rs |
|
|
Opening Stock at Shops |
600 |
|
Goods sent to Shops |
2,40,000 |
|
Goods returned by Shops |
2,400 |
|
Goods sold at Shops |
1,56,000 |
|
Goods returned by Customers at Shops |
6,000 |
|
Goods destroyed by Accident (Retail Value) |
1,920 |
|
Expenses at the Shop |
30,450 |