The following information has been taken from the Ledger of JN Corporation for the year ended on June 30, 2015.Stock of material, June 30 2015Stock of materials, July 1, 2014Material purchased during the yearCarriage outwardCarriage inwardSalaries - FactorySalaries - OfficeRs. 15,70012,00046,2501,0751,7861,6253,150Discount Expenses725Bad debts written off1,628Repairs of plant, machineries and toolsRent and insurance - Factory1,1132,125Rent and insurance - Office500Sales115,275Travelling ExpensesTraveler's salaries and commissionProductive wages5251,92531,500Depreciation of machinery and toolsDepreciation of office furnitureDirector's feesGas, and water - FactoryGas and water - Office1,625751,500300100Manager's salary (3/4th factory, 1/4thGeneral Expensesoffice)2,500850Calculate Total Administrative Overhead.

Bad debts also called Uncollectible accounts expense is monetary expense which is due on creditor of…

The following information has been taken from the Ledger of JN Corporation for the year ended on June 30, 2015. Stock of material, June 30 2015 Stock of materials, July 1, 2014 Material purchased during the year Carriage outward Carriage inward Salaries - Factory Salaries - Office Discount Expenses Bad debts written off Repairs of plant, machineries and tools Rent and insurance - Factory Rent and insurance - Office Rs. 15,700 12,000 46,250 1,075 1,786 1,625 3,150 725 1,628 1,113 2,125 500 Sales 115,275 Travelling Expenses Traveler's salaries and commission 525 Productive wages Depreciation of machinery and tools Depreciation of office furniture Director's fees Gas, and water - Factory Gas and water - Office 1,925 31,500 1,625 75 1,500 300 100 2,500 Manager's salary (3/4th factory, 1/4th office) General Expenses 850 Calculate Total Administrative Overhead.

The following information has been taken from the Ledger of JN Corporation for the year ended on June 30, 2015. Stock of material, June 30 2015 Stock of materials, July 1, 2014 Material purchased during the year Carriage outward Carriage inward Salaries - Factory Salaries - Office Discount Expenses Bad debts written off Repairs of plant, machineries and tools Rent and insurance - Factory Rent and insurance - Office Rs. 15,700 12,000 46,250 1,075 1,786 1,625 3,150 725 1,628 1,113 2,125 500 Sales 115,275 Travelling Expenses Traveler's salaries and commission 525 Productive wages Depreciation of machinery and tools Depreciation of office furniture Director's fees Gas, and water - Factory Gas and water - Office 1,925 31,500 1,625 75 1,500 300 100 2,500 Manager's salary (3/4th factory, 1/4th office) General Expenses 850 Calculate Total Administrative Overhead.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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