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1. The following information for the year ended 31-12-2017 is obtained from pooks of a factory. Completed Work in Progress 30,000 40,000 4,000 2,000 Particulars Jobs Raw materials supplied from stores Wages Chargeable Expenses Materials Transferred to W-I-P Materials Return to Stores 90,000 1,00,000 10,000 2,000 1,000 Factory over heads is 80% wages and office overheads 25% of factory - The value of the executed contracts during 2017 was Rs.4,10,000. Prepare solidated completed jobs a/c and consolidated work in progress a/c.

1. The following information for the year ended 31-12-2017 is obtained from pooks of a factory. Completed Work in Progress 30,000 40,000 4,000 2,000 Particulars Jobs Raw materials supplied from stores Wages Chargeable Expenses Materials Transferred to W-I-P Materials Return to Stores 90,000 1,00,000 10,000 2,000 1,000 Factory over heads is 80% wages and office overheads 25% of factory - The value of the executed contracts during 2017 was Rs.4,10,000. Prepare solidated completed jobs a/c and consolidated work in progress a/c.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1. The following information for the year ended 31-12-2017 is obtained from he books of a factory. Work in Completed Jobs Particulars Raw materials supplied from stores Wages Chargeable Expenses Materials Transferred to W-I-P Materials Return to Stores Factory over heads is 80% wages and office overheads 25% of factory bost. The value of the executed contracts during 2017 was Rs.4,10,000. Prepare consolidated completed jobs a/c and consolidated work in progress a/c. 90,000 1,00,000 10,000 2,000 1,000 Progress 30,000 40,000 4,000 2,000 Sole
Transcribed Image Text:1. The following information for the year ended 31-12-2017 is obtained from he books of a factory. Work in Completed Jobs Particulars Raw materials supplied from stores Wages Chargeable Expenses Materials Transferred to W-I-P Materials Return to Stores Factory over heads is 80% wages and office overheads 25% of factory bost. The value of the executed contracts during 2017 was Rs.4,10,000. Prepare consolidated completed jobs a/c and consolidated work in progress a/c. 90,000 1,00,000 10,000 2,000 1,000 Progress 30,000 40,000 4,000 2,000 Sole
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