Prepare Manufacturing and Trading account and Profit and Loss Account from the following information for year ending on Mar 31, 2010.
|
Stock of raw materials (opening) |
7,31,520 |
|
Stock of raw materials (closing) |
8,89,200 |
|
Purchases of raw materials |
6,25,824 |
|
Work-in-progress on Apr 1, 2009 |
2,25,072 |
|
Work-in-progress on Mar 31, 2009 |
2,47,824 |
|
Finished goods on Apr 1, 2009 |
5,15,232 |
|
Finished goods on Mar 31, 2010 |
3,04,560 |
|
Productive Wages |
5,02,568 |
|
Unproductive Wages |
14,160 |
|
Carriage Inward |
9,648 |
|
Rent and Taxes |
15,840 |
|
Lighting and Heating |
8,064 |
|
Depreciation and Maintenance of Plant |
76,896 |
|
Works Salaries |
56,304 |
|
Stores Expenses |
10,512 |
|
General Works Expenses |
2,01,600 |
|
Sales |
21,60,000 |
|
Sales Returns |
60,000 |
|
Sale of Scrap |
60,000 |
|
Office Rent |
2,400 |
|
Office Salaries |
6,000 |
|
Distribution Expenses |
7,200 |
|
Bad Debts |
8,400 |