Thai Sikh International School
E-Learning Programme – Online
Assignment – 04/02/2014
Name
: Subject
: Accounting
Year : 11
A/B Week No. : 02
1.
1. The balances in the X company’s
books at 31 March 2003 included the following:
$
Sales 240000
Raw material- Stock at 1 April
2002 13000
Purchases 94000
Carriage inwards 4400
Finished goods- Stock at 1 April
2002 11000
Factory wages- Direct 36000
Indirect 15000
Factory overheads- fuel and power 20000
Rent 9000
Office overheads-Salaries 16000
General
expenses 7600
You are given the following
information:
1.
Stocks at 31 March 2003 $
Raw
materials 15000
Finished
goods 16000
2.
There was no Work in progress at the beginning or end of the year.
3.
Depreciation for the year ended 31 March 31 March 2003 is to be charged as
follows – $
On factory machinery 18000
On office equipment 2000
a)
Prepare the X Company Manufacturing account for the year ended 31 March
2003.
b)
Prepare the X Company Trading and Profit and Loss Account for the year
ended 31 March 2003.
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