Departmental accounting

Please share your answer and workings and we can suggest whether it's correctly solved

Sahibdeep Singh

CA Inter

★ 14K+

24-May-21 10:57

This is the workout

Thread Starter

Maha

CA Inter

★ 0

25-May-21 09:52

This looks correct. In calculating gross %, just a suggestion to not round off. Keep 2 decimal points atleast.

Sahibdeep Singh

CA Inter

★ 14K+

25-May-21 11:45

But here i missed wages amt if i put wages amt it comes gross loss then how to find gross ratio ans me this

Thread Starter

Maha

CA Inter

★ 0

25-May-21 11:57

Pls consider purchases as 192,000 instead of 292,000. There appears a printing error in question.

CA Suraj Lakhotia

Admin

25-May-21 14:14

Questions in departmental accounts are asked to test the ability to identify unrealised gains. If at all there is a loss, then there is no question of stock reserve.

CA Suraj Lakhotia

Admin

25-May-21 14:15

Ok thank you

Thread Starter

Maha

CA Inter

★ 0

25-May-21 18:33