Record the following transactions in the ledger under integrated system and prepare the trial balance:
The following are the extracts of balances in its integrated ledger on 31 March 2009:
|
Dr Rs. |
Cr Rs. |
|
|
Stores control A/c |
7,200 |
|
|
Finished goods A/c |
5,200 |
|
|
Work-in-progress A/c |
6,800 |
|
|
Creditors A/c |
3,200 |
|
|
Cash at bank |
4,000 |
|
|
Debtors A/c |
4,800 |
|
|
Fixed assets A/c |
22,000 |
|
|
Profit and loss A/c |
12,800 |
|
|
Depreciation provision account |
2,000 |
|
|
Share capital account |
32,000 |
|
|
50,000 |
50,000 |
Transactions for the year ending 31 March 2010 were:
|
Wages direct |
34,800 |
|
Indirect |
2,000 |
|
Stores purchased on credit |
40,000 |
|
Stores issued to production |
44,000 |
|
Stores issued to repair order |
800 |
|
Goods finished during the period at cost |
86,000 |
|
Goods sold at cost |
88,000 |
|
Goods sold at sales value (credit) |
1,20,000 |
|
Production overhead recovered |
19,200 |
|
Production overhead (paid for by cheque) |
16,000 |
|
Administration overhead (paid for by cheque) |
4,800 |
|
Selling and distribution overhead (paid for by cheque) |
5,600 |
|
Depreciation (works) |
520 |
|
Payment from customers |
1,16,000 |
|
Purchases to suppliers |
40,400 |
|
Purchases of fixed assets in cash |
800 |
|
Fines paid |
200 |
|
Income tax |
8,000 |
|
Charitable donations |
400 |
|
Rates per-paid included in production overhead incurred |
120 |
|
Interest on bank loan |
40 |
You are required to write up accounts in integral ledger and take out a trial balance. (The administration overhead is written off to profit and loss A/c.)