X Limited has three departments and submits the following information for the year ending on 31stMarch, 2017ParticularsATotal (7)Purchases (units)5,00010,00015,000..---Purchases(Amount)Sales (units)Selling price ( per unit)Closing stock (units)8,40,0005,2009,80015,300404550400600700You are required to prepare Departmental Trading Account of X Limited assuming that the rate ofprofit on sales uniform in each case.

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X Limited has three departments and submits the following information for the year ending on 31st March, 2017 Particulars A B Total (2) 10,000 15,000 Purchases (units) Purchases(Amount) Sales (units) 5,000 ---- 8,40,000 Selling price (7 per unit) Closing stock (units) 5,200 40 9,800 15,300 50 45 600 700 400 You are required to prepare Departmental Trading Account of X Limited assuming that the rate of profit on sales uniform in each case.

X Limited has three departments and submits the following information for the year ending on 31st March, 2017 Particulars A B Total (2) 10,000 15,000 Purchases (units) Purchases(Amount) Sales (units) 5,000 ---- 8,40,000 Selling price (7 per unit) Closing stock (units) 5,200 40 9,800 15,300 50 45 600 700 400 You are required to prepare Departmental Trading Account of X Limited assuming that the rate of profit on sales uniform in each case.

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter8: Inventories: Special Valuation Issues

Section: Chapter Questions

Problem 4MC

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