The following figures are extracted from the books of Ram Dass, a contractor, for the year ending 31st Dec. 2017 Rs. Work-in-Progress on 31st Dec., 2017 (-)Advances from Contractees Materials supplied from contracts, direct Materials issued from store 17,00,000 11,00,000 6,00,000 1,20,000 00,8T-ahale 2,10,000 1,70,000 Wages Working expenses 311S0N 30,000 4007-ohe
The following figures are extracted from the books of Ram Dass, a contractor, for the year ending 31st Dec. 2017 Rs. Work-in-Progress on 31st Dec., 2017 (-)Advances from Contractees Materials supplied from contracts, direct Materials issued from store 17,00,000 11,00,000 6,00,000 1,20,000 00,8T-ahale 2,10,000 1,70,000 Wages Working expenses 311S0N 30,000 4007-ohe
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The following figures are extracted from the books of Ram Dass, a
contractor, for the year ending 31st Dec. 2017
Rs.
Work-in-Progress on 31st Dec., 2017
(-)Advances from Contractees
Materials supplied from contracts, direct
Materials issued from store
Wages
Working expenses
17,00,000
11,00,000 6,00,000
1,20,000
2,10,000
1,70,000
30,000
1000
che t
Transcribed Image Text:Materials returned to store
11,000
4,50,000
3,00,000
2,30,000
Contracts finished
Work certified
Profit taken upon contract
Administrative Expenses
(of which Rs, 5,000 is chargeable to P & L A/c)
Plant issued
Materials returned from contracts direct to suppliers
25,000
50,000
9,000
8,00,000
40,000
Advances from contractees
Plant at site
Prepare a Contract Account also find work uncertified
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