Sun Enterprises operates an integral system of accounting. You are required to pass journal entries for the following transactions that took place for the year ended 31 March (narration is not required).
|
(i) Raw materials purchased (50% on credit) |
9,00,000 |
|
(ii) Materials issued to production |
6,00,000 |
|
(iii) Wages paid to workers |
3,00,000 |
|
(iv) Factory overheads incurred |
2,00,000 |
|
(v) Factory overheads charged to production |
2,50,000 |
|
(vi) Selling and distribution overheads incurred |
1,00,000 |
|
(vii) Finished goods at cost |
7,50,000 |
|
(viii) Sales (50% credit) |
12,00,000 |