Progressive Enterprises Limited runs a canteen for the benefit of its workmen and provides necessary subsidy to the canteen.During month of August 1981, the following purchases were made:
|
Commodity |
Quantity |
Rate per kg |
|
1. Tea |
4 |
10 |
|
2. Sugar |
50 |
3 |
|
3. Milk |
60 |
2 |
|
4. Atta |
210 |
2 |
|
5. Flour |
20 |
3 |
|
6. Vegetable ghee |
30 |
11 |
|
7. Besan |
12 |
4 |
|
8. Dal |
30 |
3.50 |
|
9. Potato |
90 |
2 |
|
10. Green vegetable |
20 |
1.50 |
|
11. Spices |
2 |
24 |
The other expenses for the month were : Rickshaw fare Rs 20 salary to cook (1) Rs 250 per month each. Wages to waiters (2) Rs 150 per month each. Supervisor’s salary Rs 300 per month Fuel, gas, coal, etc. Rs 400. Miscellaneous expenses crockery and glassware Rs 100. Depreciation of utensils and furniture Rs 50. Sale of coupons 7,800 @ Re 0.15 per coupon. Prepare trading and profit and loss account of the canteen for the month of August and find out the amount of subsidy paid by the company.
|
Tea |
Sugar |
Atta |
|
|
Opening balance |
2 kg |
10 kg |
30kg |
|
Closing balance |
1 kg |
5 kg |
20 kfg |