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.
Chapter1: Financial Statements And Business Decisions
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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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